Industry leaders see innovation as the key to a future reliant on talent, skill, relationships, and intelligent deals.
The industrial sector is rife with uneasiness and unpredictability. Global demand for industrial products is growing at a snail’s pace. Foreign trade is at historically low levels, and oil prices are not rising fast enough to undo the collapse in drilling and the resulting contraction in the rest of the energy supply chain. The sector’s future depends upon how companies embrace strategic change, how they incorporate digital technology, and how they leverage data analysis.
What we do
Industry leaders see innovation as the key to a future reliant on talent, skill, relationships, and intelligent deals. Thus, the human factor is working in concert with technology to create opportunities, not remove jobs. Global leaders agree that innovation and human capital are the two areas they must strengthen to capitalize on new opportunities. The biggest recruiting challenge for CEOs is attracting people talented in creativity, innovation, leadership, emotional intelligence, problem solving, and adaptability.
Aggressive and deliberate investments, while imperative, are not enough. The next wave of leaders in the industrial sector will build ecosystems that deliver on the promise of analytics and connectivity to maximize efficiency for themselves and their customers. They will get closer to their customers’ needs, creating suites of services and creating new partnerships outside their core specialty areas. They can succeed if they move forward in smart, deliberate strides. At August Leadership, we work with our clients to identify and develop the leaders who can make this a reality.