RT @Adherium: We are excited to announce that the U.S. Food and Drug Administration (FDA) has granted our 510(k) clearance for over-the-cou…
3/04/2018 1:56 PM
The Economist | Moral hazard https://t.co/GU02RCk5VA via @TheEconomist
28/02/2018 7:09 AM
RT @ftcompanies: Corporate moves to cut ties with NRA do not go far enough https://t.co/CjwL5x8NhS
26/02/2018 8:14 AM
RT @KateRaworth: Let's get personal. Here's my life - along with my mum's, my kids and their kids - mapped out on a climate timeline. Bring…
26/02/2018 8:13 AM
RT @natehoIe: Companies that cut ties w/ the NRA: Delta United Airlines SimpliSafe Teladoc Wyndham Hotels MetLife Symantec Enterprise Alam…
25/02/2018 6:56 PM
RT @bernardchickey: Real question for RBNZ is why isn't it cutting rates? Core inflation below 2% target for 6 years. Jobs growing strongly…
9/02/2018 8:34 AM
RT @MkBlyth: Thought for the day: Let's say rising wages cause inflation panic cause equity crash. So we have built a system where stabilit…
9/02/2018 8:23 AM
RT @MkBlyth: Oic of the day. HT to @DougHenwood for nailing this. Not only is a 2.4% annual growth in wages unlikely to start an inflationa…
9/02/2018 8:22 AM
RT @Adherium: CEO @arik_anderson featured in @beckershr - Rule No. 1 for medical technology: Stay out of the doctor’s way https://t.co/d5FP…
1/02/2018 5:10 PM
RT @MkBlyth: Picture of the day from Llewellyn Consulting. Gross World Product went from 18 to 77 trillion since 1980. Massive Growth. Wher…
1/02/2018 5:10 PM
Recent Post Comments
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.

Print-friendly
12
NOV 13

Success has many fathers, but failure is..




When it comes to the manufacturing sector, what people see and promote does not always tell the whole story. Last week I attended a celebration of a recast factory in Christchurch, the owner and management had been through two moves driven by the earthquakes and now seem to have successfully arrived at their new permanent home – good on them. The determination, hard work and sustained effort by all concerned to make this happen are obvious.

What can be taken from this success? That success is possible even in difficult circumstances. Certainly, but it is going a bit far to conclude that that any criticism of the currently policy framework is abrogated by that success.

This is the “look at the stars” justification used by those wedded to the status quo; any success is used to justify what we have as the best of all possible worlds and it follows change is unnecessary, even foolish.

Survival, even growth by star companies is close to a given, under almost any conditions, but higher growth would be inevitable if we could see even more success, as I have said elsewhere that requires a hard look at the threshold of failure. Why are failures happening and what could be done to shift that threshold and support more success for those close to failure?

Policy changes are necessary to shift the threshold between failure and success, enable more winners and support investment in activity, driving more on-shore activity not less.
 


tags: status quo, manufacturing, exporters, investment, failure
I am sorry but this comment section has been disabled due to spam. My contact details are easy to find, please contact me if you want to comment or discuss anything on this blog.