Manufacturing innovation in the 21st century, specifically in the United States, is stagnating. Too much focus on the bottom line has resulted in serious neglect to the top line. It seems like we’ve forgotten how to grow revenue. When leaders place so much immediate attention on the near term, they lack the vision to make bold bets on the future. Many manufacturers have made a lot of small efforts toward growth, but few manufacturers commit themselves to a bold effort. Here are five ways to make bold bets and improve your top line.
Ultimately we need leaders willing to make bold bets in manufacturing. Two of the strategic limiters to top line growth in manufacturing are management capacity and creativity—not a lack of market opportunities, but a lack of bold bets. Make bold bets—the future of manufacturing depends on it.
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