Originally posted a year ago. Anything changed ? #ukmfg
Prompted by the sale of several apparently successful UK engineering and manufacturing firms this year e.g. Invensys to Schneider Electric in August, I feel that this grow-and-sell behaviour is reinforced, if not driven, by the short-term mindset, still common in British commercial culture and finance.
It is characterised, for example, by:
– An inability to think beyond the next financial or political period – at best 5 years, normally 1 year.
– Consequently little business ‘generational thinking’ is evident
– Re-inventing the wheel (and re-branding it)
– Selling off the foundational elements of what could be robust businesses or indeed sectors or economies, before allowing for them to develop.
– Selling off to outside interests transfers power, decision-making and the future into other’s hands, not necessarily to your own interests.
– Home-grown long-term-thinking manufacturing leaders are few and far between.
– UK Financial leaders & thinkers continue to undermine any greater future for a self-determining UK manufacturing sector.
– Low levels of investment in both the…
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