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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
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