After several interesting meetings the last couple of weeks with founders, CEO’s and technical directors of small- and mid-sized industrial companies here are some notes on the most pressing topic I picked up – the challenge of landing sales contracts.
The machinery and equipment manufacturing industry is Germany’s second largest industry by level of turnover; attaining €212 billion in 2014. More interestingly the turnover level has increased by about 70% throughout the last decade while employment is not at all increasing at the same rate.
King shareholders has just recently been offered a whopping $5.9 billion for this Stockholm based unicorn. Activision Blizzard, the French owned U.S. video gaming company behind games like World of Warcraft and Call of Duty seemingly has decided it need to go mobile.
GE’s CEO Jeff Immelt recently stated in a post in the Business Insider UK: “Let’s finally end the debate over whether we are in a “tech bubble. There has been talk of a bubble going back to 2011 and it continues to rage today.
You need to grow and scale your business, for multiple reasons. I will not elaborate further in this particular post but rather highlight some of the important areas you need to keep an eye on when growing your business:
Not all businesses have been exported to Asia and taken over by the Chinese, the Philippines or the Taiwanese. Europe still has an exuberant small- and mid-size engineering and manufacturing industry, often family owned. Some are highly specialist making parts for larger companies, some have more complexed and integrated products and system deliveries.
There is sometimes a miss-conception that the regulatory burden is saving banks from FinTech. Bank representatives sometime hide behind the regulatory pressure arguing that the FinTech sector is interesting but not at all a threat to established banks. How wrong they can be.
Last year World Championship finals of the online game League of Legends were broadcasted live in 19 languages. The grand finals were watched by 27 million people globally when played at the Seoul World Cup Stadium were 45.000 spectators joined the event live. As a comparison the U.S. 2014 NBA-championship topped with 18 million viewers.