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13. closing remarks david dodd - the past is prologue

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13. closing remarks david dodd - the past is prologue

  1. 1. Spectrum of Technology: The Past is Prologue Greater Rome Chamber of Commerce October 14, 2011
  2. 2. Consider… <ul><li>Rules for Success </li></ul><ul><li>Be Unique </li></ul><ul><li>Create Value </li></ul><ul><li>Communicate Value </li></ul><ul><li>Be a Moving Target </li></ul>
  3. 3. … never forget…. <ul><li>Value-Added </li></ul><ul><li>People + </li></ul><ul><li>Products/Services + </li></ul><ul><li>Productivity = Value-Added </li></ul>
  4. 4. building VALUE , enhancing LIVES
  5. 5. Annual Economic Impact in Georgia <ul><li>$17.3 billion economic impact </li></ul><ul><li>62,033 direct and indirect jobs </li></ul><ul><li>$4.2 billion in salaries </li></ul><ul><li>$578 million in state and local taxes </li></ul>
  6. 6. <ul><li>$63,000 average pay (50% higher than other sectors) </li></ul><ul><li>$90,000 for pharmaceutical manufacturing </li></ul><ul><li>$71,000 for surgical and medical instrument manufacturing </li></ul><ul><li>$70,000 for research & development </li></ul>Annual Salaries in Georgia
  7. 7. Georgia Industry Snapshot <ul><li>> 300 companies: Pharma, biotech, device, diagnostic, R&D, agbiotech, biofuels </li></ul><ul><li>> $8 billion in annual product sales </li></ul><ul><li>400+ marketed products, 300+ in development </li></ul><ul><li>Fastest growing industry sector in GA between 2001-2007 </li></ul>
  8. 8. So, What Else is Important to Know?
  9. 9. Total Return Source: McKinsey Study of 400 Companies over 30 years Industry Mean Strategy Is Necessary to Avoid Mediocrity
  10. 10. <ul><li>Vision -- on how to compete </li></ul><ul><li>Competitive Advantages -- clearly exploited </li></ul><ul><li>Opportunities -- rather than crises </li></ul><ul><li>Influence -- crafting the environment </li></ul>A Sustainable Organization Focus…
  11. 11. Always Remember…. <ul><li>“ You miss 100% of the shots you don’t take.” </li></ul><ul><li>-- Wayne Gretzky…&…David Dodd </li></ul>
  12. 12. Now…. <ul><li>“ Let us endeavor to live so that when we die, even the undertaker will be sorry.” </li></ul><ul><li>-- Mark Twain </li></ul>
  13. 13. Thank You!!!! Greater Rome Chamber of Commerce October 14, 2011

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