By Editor Morten B. Reitoft
Thousands of companies fail every day. Some of the failures are hardly noticeable; others are devastating. To fail is human, and an old saying says, "what doesn't kill you makes you stronger." To be "stronger" is the essential word in this saying. However, that's often easier said than done.
Some of the things that lead to failures can be undone; others are more difficult.
Most people understand that printing is a process that involves many people and, therefore, also can lead to errors. The error itself can be annoying, but how it's handled is what you remember. Good customer support can save you thousands of euros.
If you don't want to continue burning money, the errors, of course, need to be handled to avoid future errors. A workflow/automation solution can handle many of the human errors in production. When it comes to strategies, it's unfortunately not as easy. You can't automate management, and the consequences of failure are often far more severe.
When strategies fail, people lose their money, jobs, professional network, and sometimes even respect from society, community, and customers. Management is often only a few people, and the consequences of these few people's actions often come at a high price.
Learning from failures is, therefore, an essential part of bringing our world forward.
In the "When Strategies Fail" session, I have together with Peter Sommer at the Virtual Summit today at 12.00 CEST we talk about failures and how to learn from these.
Peter Sommer is a straightforward person. He says, "Unfortunately, printing companies have no ideas about future strategies - and if they have, they mostly don't have the financial power to realize it."
Think about - if he is right, the failure is not performing on your objectives in your strategy, but simply the fact that you have not made one, and maybe end up surviving one day at a time.
The first and most important thing is to be curious, I believe. Open your eyes to the world. Allow yourself to travel, experience, and network so you can get food for your brain to work with.