Print Summit 2014
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How printing companies should react to changes, shape their business model and approach business diversification. Presented by Jit Khoon (CEO at Winson Press) Learn more at .winson.com
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Print Summit 2014
- 1. Hard Lessons Learnt during our Transformation
- 2. Agenda Our Company Profile Our journey Current challenges 5 Hard lessons learnt Sharing our current practices Questions?
- 3. Our Profile Established in 1965 102 Committed People
- 4. Our Journey 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
- 5. Current Challenges PrintReplacement Overseas Competition Industry Output Challenging Economy Strong S$ -30% Steep Cost Increase
- 6. Lost US$ 4,264,000,000 Lost US$ Lost US$ 9,600,000,000 6,400,000,000 Cut 10,000 staff Focus on Digital Imaging, Mobile Devices and Video Games. Move away from TV!
- 7. Global Mobile OS Market Source: 2005 data per Gartner, 2012E data per IDC
- 8. Windows OS: 96% in 2005 Drop from 96% -35% in 7 Years! Source: Asymco.com (as of 2011), Public Filings, Morgan Stanley Research, Gartner for 2012E data
- 9. Other Affected Industries • Newspaper • Book shops • Precision Engineering • Post Office • Computer Servers • Laptops, ….
- 10. Lesson 1: Technology is NOT a Magic Pill
- 11. Lesson 1: Technology is NOT a Magic Pill Learnt to formulate our Strategy First
- 12. Lesson 2: Strategy is SEXY… Execution is KING! 1% Vision 99% Alignment
- 13. Lesson 3: Bottleneck is usually at the TOP Change begins with ME!
- 14. Lesson 4: People is the KEY 企业 Enterprise -人 = 止 People Stop Enterprise will cease without People
- 15. Lesson 4: People is the KEY People are resistant to change!
- 16. Lesson 4: People is the KEY Training is only the beginning!
- 17. Lesson 5: Change takes much L o n g e r & Cost a lot more… There is no Finish Line!
- 18. My all time Favourite! Highlighted a lot of mistakes that we made…
- 19. Our Philosophy Our People Our Partners Our Customers Win-Win Our Shareholders Our Society Our Environment
- 20. Practice 1: Invest in Building Positive Culture Vision BHAG 1 to 1 X Media Marketing Photo-book Commercial Printing Packaging Printing ? Positive Culture Great Game of Business Values & Purpose Mastering Rockefeller Habits Lean Manufacturing
- 21. Practice 1: Invest in Building Positive Culture Great Game of Business 2. Keep Score & Follow the Action 1. Know & Teach the Rules CN 3. Provide a Stake in the Outcome
- 22. Practice 1: Invest in Building Positive Culture Mastering Rockefeller Habits Cash People Execution Strategy
- 23. Practice 1: Invest in Building Positive Culture Lean Manufacturing
- 24. Practice 2: Invest in People
- 25. Practice 2: Invest in People Educate Know & Teach the Rules
- 26. Practice 2: Invest in People Coaching
- 27. Practice 2: Invest in People
- 28. Practice 3: 1% Vision 99% Alignment… All our KPIs must be aligned
- 29. Practice 3: 1% Vision 99% Alignment… Critical Starting Point Critical Number The journey is more Important …
- 30. Practice 3: 1% Vision 99% Alignment… Sit Sit The Power of Repetition Sit Sit Sit Sit Sit Sit Good Dog
- 31. Practice 4: Keep Score & Follow the Action
- 32. Practice 4: Keep Score & Follow the Action Make it Fun =
- 33. Practice 5 Daily & Weekly Huddles
- 34. Practice 5: Daily & Weekly Huddles Our people keep their own scores
- 35. Quote by George Bernard Shaw “If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple… Nobel Prize & Oscar Winner Co-founder , London School of Economics But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.”
- 36. Hope that my sharing has been helpful Comments? jit@winson.com