CONTRARY TO “economic consensus” forecasts1 that are merely opinion averages, the United States will outpace 2007 with annual growth exceeding 6.5 percent nominal (3.4 percent real) Gross Domestic Product (GDP) through the next two years. Foreign investment, immigration and productivity gains will more than offset exaggerated “crises” like sub-prime mortgages and rises in oil prices.2 Former GE Chairman Jack Welch advises the obvious: “Move up the food chain and stop complaining about the present. If residential ownership weakens, move to residential rentals.” The same applies to printing sales. Migrate to where the markets are hot and to the places and sectors underserved by our
Jack Welch
Vincent Mallardi, C.M.C., is a the chairman of the Printing Brokerage/Buyers Association International (PBBA) and is a Certified Management Consultant in the paper, printing and converting industries. He is also an adjunct professor in economics. Contact him via email at vince@pbba.org
There's TPS, the Toyota Production System, and LEAN Manufacturing, which are basically development ideas of Taiichi Ohno of Toyota. Then there's the Six Sigma System strongly espoused by Jack Welch of General Electric, and The Great Game of Business, developed to a fine art by Jack Stack. If that isn't enough, add in ABC, Activity Based Costing, thought by some to be the answer to a maiden's prayer for manufacturing. By the way, don't forget TOC, the Theory of Constraints, by Eliyahu Goldratt. Also don't overlook SQC, Statistical Quality Control of W. Edwards Deming, for continuing improvement of manufacturing. Oops, we almost forgot to
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