Intelligent CIO Africa Issue 06 | Page 14

LATEST INTELLIGENCE LATEST INTELLIGENCE DISCOVER 10 CHARACTERISTICS OF A GROW GETTER PRESENTED BY PROFITABLE GROWTH IN ACTION: SEVEN MANUFACTURERS REVEAL THE SECRETS OF THEIR SUCCESS G rowth is definitely on the agenda for manufacturers. This An eZine from Epicor came through loud and clear in a survey recently undertaken on behalf of Epicor Software Corporation (Epicor) by MORAR. Our report on the research, 'A Manufacturer’s Guide to Growing Profitably', identifies five key factors that growing manufacturers cited as essential to their success, and five risks that manufacturers Download White Paper here believe could threaten growth for the unprepared business. In this eZine we’ve compiled seven stories from manufacturers around the world, illustrating how the Epicor® enterprise resource planning (ERP) solution is helping them leverage these 14 INTELLIGENTCIO success factors and grow effectively – without falling prey to the risks of growth. Read on to discover how businesses like yours are: • Taking advantage of good planning, agility, the right technology, and the skills of their people to maximise growth opportunities • Managing the increasing complexity that comes with growth, navigating the challenges of unplanned growth, increasing managerial insight, and overcoming other operational pressures www.intelligentcio.com H igh-growth companies are powered by people who understand what it takes to get set for growth – individuals with the vision and drive to take their businesses to the next level. We call these people the 'Grow Getters'. Grow Getters know what growth looks like for their business and how to achieve it. They invest where it counts and have an integrated enterprise resource planning (ERP) system that gives them the essential visibility and agility needed to act for growth. The 10 Grow Getter Characteristics These characteristics come directly from research commissioned by Epicor and conducted by MORAR Consulting in 2016. Insights are based on interviews conducted with more than 2,450 individuals in a variety of industries. This article (and the demographics below) focuses on the manufacturers we spoke to in our survey. 1. Grow Getters Focus Outside the Business Companies focused on growth are 2 times more likely to look for external opportunities to grow their business, compared to low- growth companies. Low-growth companies rank cost management as the highest factor in driving business growth. Most manufacturers (33%) focus on the management of internal operations such as cost control over expansion (20%). High-growth manufacturers reverse the trend and focus on external opportunities first. 2. Grow Getters Strategically Plan High-growth companies are 2 times more likely than low-growth companies to see strategic planning for growth as important. To read more, download White Papers free from http://www.intelligentcio.com/africa/white-papers/ www.intelligentcio.com INTELLIGENTCIO 15