Record profits for many us companies, China's economic growth makes us think of 2011 will be a strong year. Observing lat week market Dow almost reached 12000 it's good sign for many companies and investors. Numbers can be very dangerous for health but numbers makes your economy rise. I am just hoping 2011 will see a double digit growth.
The reason there is fear, and agony, over the future of the electronics markets is that electronics markets are volatile. Faced with an economy that only recently suffered a broken leg, no is expecting it to start running.
That pipelines are filling up is good, solid news. However, no one can guarantee a strong year. No one.
I agree with Malcolm that 2011 should not be a year of doom and gloom but a year of strong growth. The problem with numbers is that it is never a healthy way of forecasting economic growth either in the present or future but however it is essential as it is a vital measurement tool.
The over reliance on the use of statistics at times dents confidence thereby resulting in a company avoiding taking risks. I concur with Malcolm that companies need to move forward by taking risks.
I think the non-financial measures have to be made as standards to allow comparison amongst companies. Moreover, these can't be used in isolation and have to be used together with the financial measures to complement the numbers and give a better picture of the performance.
it is very hard to convince anyone without any backup of quantitative analysis. So balance sheet is an integral part to judge a company's health. I think the non-financial measures to check the health of a company can be the short term and long term strategy, vision and motto. But again as these measures are qualitative, so are the interpretations.
"Numbers can be very dangerous for our health. Misinterpret, worse still, misrepresent the numbers, and you will put the long-term health of your company at risk."
I agree with you in this that the numbers can really be misleading at times. However, most analysts base their decisions on the financial performance only and rely solely on the profit and loss statement, balance sheet and cashflows. What could be some other non-financial (perhaps non-numerical) measures they should use to make a more realistic analysis of a company's performance?
We have the same thoughts on this Pocharle. The global performance of the economy is doing good in the last quarter of 2010 if this will continue on the first two quarters of 2011 then that is the time we can say 2011 is a strong year.
There have been a lot of predictions that a lot of companies are investing in R&D of new products (especially tablets and other miniature devices). Let's hope this means that the manufacturing sector will get a real boost from these predictions.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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