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An Update to Our 2011 Top Priorities for Profitable Growth
In December 2010, Tompkins Associates compiled lists of the top priorities that companies in various industries and areas needed to be prepared for, called the 2011 Top 11 Priorities for Profitable Growth.
Looking back at these lists, we noticed three major themes emerged:
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Although each industry has its own individual priorities, there are similar trends throughout each that reveal much about general expectations for 2011. For example, many company leaders are facing a great deal of uncertainty about what 2011’s ‘new norms’ will be – it seems the only clear new norm is uncertainty itself. |
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The emphasis on global supply chains is a major theme. With global operations come new priorities: Risks that need managing; ever-changing regulations and taxes that must be understood and complied with across global borders; and the need for sustainable, environmentally-friendly operations. |
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Innovation is also a key priority for 2011. Already, there are major market upheavals happening in the automotive and high-technology sectors due to new developments in product offerings that allow customers access to cutting-edge technology. |
As the middle of 2011 approaches, we went back and determined what we got right and one or two things we missed or that need more emphasis for the rest of 2011 for companies to succeed and return to profitable growth.
Each industry or area's update is below:
What did you write on your blank sheet of paper for 2011?
The new year brought with it new perspectives and new priorities, as well as anticipation for the future. As recession recovery continued and companies worldwide returned to profitable growth, we gratefully moved past the hard-learned lessons of 2010 and prepared for the opportunities of 2011.
During the past two years, the major priority for many business leaders was cost reduction. But as signs point to a brighter yet uncertain future, what are the new priorities for 2011? The lessons of 2010 will always be there, but it’s time for company leaders to take out a blank piece of paper and write down their 2011 priorities. From that fresh list, a plan for profitable growth can then be created.
With this in mind, Tompkins Associates’ experts researched and compiled the Top 11 Priorities for Profitable Growth for 2011. We provided individual lists across nine different industries and areas. The lists include priorities for the supply chain, as well as changes necessary for business operations and developing trends.
For a starting point, read the article Top 11 Trends / Realities / Priorities Impacting the Supply Chain for a general look at challenges across all industries. Or see the lists compiled for each industry, below:
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