<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:rssdatehelper="urn:rssdatehelper"><channel><title>Guest Blog</title><link>http://www.smf.org.uk</link><pubDate></pubDate><generator>umbraco</generator><description>Business insights from partners and associates</description><language>en</language><item><title>Marketing an Engineering Business</title><link>http://www.smf.org.uk/blog-roll/guest-blog/2012/9/20/marketing-an-engineering-business.aspx</link><pubDate>Fri, 26 Oct 2012 10:37:08 GMT</pubDate><guid>http://www.smf.org.uk/blog-roll/guest-blog/2012/9/20/marketing-an-engineering-business.aspx</guid><description><![CDATA[ 
<p>Andrea Rodney <em>is a dynamic, self-taught, self-motivated
businesswoman who helped&nbsp;<a href="http://www.hone-all.co.uk/"
target="_blank">Hone-All Precision</a>in Bedfordshire to
extraordinary success, part of which can be attributed to the
transformation of the company's marketing strategy. Andrea joined
the company at the age of 21 and 18 years later is a director of
the company. Here Andrea tells us why manufacturing businesses
should not shy away from marketing themselves</em></p>

<p><em>For many years, Engineering and Manufacturing has suffered
from a poor image.&nbsp; It seems that the media insist on
continuously showing images of the old guy in overalls standing at
his bench with a file in his hand whose length of service was
judged by the length of the fingers he had left.</em></p>

<p><em>But the question is: how do we help ourselves in
this?</em></p>

<p><em>Few companies within our industry ever covet press coverage
or publish press releases or case studies shouting about the
technological or process advancements they've made, the
efficiencies achieved or even something as simple as a new machine
being delivered.</em></p>

<p><em>Even fewer have a strong corporate image with memorable
company logos which create an overall brand resulting in facilities
with a themed colour scheme, matching corporate work wear, uniform
documentation combined with an effective website to ensure the
brand is seen externally by a national or international
audience.</em></p>

<p><em>Within smaller companies in our industry, many are
owner-managed or are run by excellent engineers who have never been
involved in sales and marketing activity - they know how to make
the parts, but not how to play the game!</em></p>

<p><em>As companies, regardless of size or speciality, we need to
show just what we do and how well we do it. We need to look as good
as we are.&nbsp; And we need to let people know about it.&nbsp; We
are always told to focus on the 4 Ps - people, place, process and
product - but without the 5<sup>th</sup> P - profile - it's
irrelevant as nobody knows just how good we are.</em></p>

<p><em>And so as an industry, we need to look to the brands we
remember and ask ourselves what made them memorable?&nbsp; Then we
apply that to our own businesses, however small and with whatever
budget we have available to us.</em></p>

<p><em>It costs nothing to come up with an eye catching logo, to
ensure this brand continues across all levels and throughout all
functions of the business; and to ensure that when the telephone is
answered, it is always in the same, bright, professional, bubbly
and courteous manner.&nbsp; It costs nothing to ensure the
facilities are clean, tidy and create a great first
impression.&nbsp; And to ask people what they thought during their
visit and act upon their feedback.</em></p>

<p><em>For those potential customers that cannot come for a visit
there may be a small investment required to ensure that you can
create a website that follows the same principles as your people,
place, product and processes.</em></p>

<p><em>Once this is in place, it costs nothing to ensure your
website is listed on all the free listings pages available, of
which there are hundreds.&nbsp; Each entry moves your site up the
rankings of search engines such as Google.</em></p>

<p><em>Advertising within trade magazines <em>Services &amp;
Capacity</em> listings is usually exceedingly cost-effective - less
than a few hundred pounds for the entire year.&nbsp; But having a
consistent presence raises awareness of your company and reinforces
the brand each time it is seen.</em></p>

<p>Also, once these entries are placed, the magazines are usually
much happier to include press releases and case studies from you
which are placed free of charge and yet again tell your story,
reinforce your brand and raise confidence in the continuity of your
company and the services you provide.</p>

<p>The press releases can then be forwarded to your customers on a
regular basis keeping them informed of your successes, investments
and developments.&nbsp; Again, this costs nothing but offers a
massive boost to reinforcing your image and keeping you at the
forefront of your customers' minds.</p>

<p>The benefits of these simple steps are that your company - which
may well be exceptionally professional - is also perceived to be
so.&nbsp; Not just by those that know you, but more importantly, by
those that don't.</p>

<p>You can build a brand and a profile for the minimum of
investment and simply by playing the game you can tell the world
about your fantastic people, about your safe and efficient
facility, about the quality of your product and the effectiveness
of your processes - all through one simple profile.</p>

<p>The greater hope with this is if more of us get this right, the
less companies there will be for the media to use in order to
portray manufacturing as an antiquated, outdated industry with
little technology or progression for the youth of today.&nbsp; We
have more chance of showing <a
href="http://en.wikipedia.org/wiki/Milling_machine">CNC
machinery</a>, sharing stories of technological advancements,
highlighting companies consistently investing in continuous
improvement and reinforcing the fact that manufacturing is the best
and safest way of balancing our economy and therefore deserves the
recognition and support of everyone - the media, the Government,
the country and those within it that don't shout loudly enough
about their contribution to the most exciting and innovative
industry in the world.</p>

<p>&nbsp;</p>

<br />
<br />
]]></description></item><item><title>NED's Just Got Interesting?</title><link>http://www.smf.org.uk/blog-roll/guest-blog/2012/9/20/ned's-just-got-interesting.aspx</link><pubDate>Thu, 20 Sep 2012 11:23:34 GMT</pubDate><guid>http://www.smf.org.uk/blog-roll/guest-blog/2012/9/20/ned's-just-got-interesting.aspx</guid><description><![CDATA[ 
<p><strong>Mark Winkle, COO, IDDAS</strong></p>

<p>The world of the NED has been moving at a pace, the traditional
view of a NED; ex-top executive, one or two board positions after
retiring and aged in 'his' 60s, is still with us, but there is a
marked trend towards, younger professionals, who are making a
deliberate choice to abandon corporate life and pursue an NED
portfolio and who have reached senior executive positions
relatively early in their careers and want a change of
lifestyle.</p>

<p>This trend has been articulated in the recently published IDDAS
NEDs Perspective Report, which is the third in the IDDAS Board
Dynamics series.&nbsp; These Reports provide a unique insight into
the Board world, with the previous two Reports giving the
Chairman's Perspective and a Females FTSE 100 Perspective on
Boards.</p>

<p>This powerful triangulation of Reports provides a real sense of
how the Board works and what it is like to be on a Board; 'hearing'
directly from NEDs, Chairman and FTSE 100 female Directors the
reality of the Boardroom. &nbsp;The most recent NED Perspective
Report has given a number of insights and views, for example.</p>

<ul>
<li>The majority of NEDs are reluctant to have compulsory quotas
introduced to increase the numbers of women on boards, but
recognise the need for change</li>

<li>A third think the level of remuneration for NEDs is too low
given the increased workload and greater risk to corporate
reputations now involved with the role.&nbsp; However, most
acknowledged they were well rewarded and that too much focus on
financial reward could compromise independence</li>

<li>NEDs see challenge in the boardroom as vital to their position,
however they agree this should come with an equal measure of
support - a balance they sometimes find difficult</li>

<li>The lifestyle and practical changes between executive and NED
roles are vast. As well as stepping back and accepting less
control, NEDs commented on the lack of administrative support they
were used to in their corporate careers</li>

<li>NEDs have mixed views on whether those from outside the
corporate world such as media, HR or academics should be considered
for NED roles</li>

<li>Many said that the board should not be a team, rather that they
should learn to understand each other and work effectively, which
should be done outside the boardroom</li>
</ul>

<p>The full report consists of a wonderful array of quotes directly
from the NEDs and we hear the 'real voices' of their motivation,
frustration and excitement.&nbsp; In particular, I was stuck by the
sense of the 'Board' not being viewed as a team, but as a
collection of individuals who meet in a common space, the inference
being that being a 'Team' takes away objectivity and is too cosy.
&nbsp;This provided a fascinating insight which got me thinking of
how we define this Boardroom space.&nbsp; How can we start to
provide the 'Board' with the sense of their own worth as a 'Team',
based on the definition of a high performing team, as needing, a
common vision, values and strategy; constructive, creative,
challenge and debate, which surely is a prime function and
description of an effective Board?</p>

<p>Potentially, this misunderstanding of what a team is, could well
be at the core of how we develop effective challenge and
behavioural frameworks for the 'Board Team' to become most
effectively.&nbsp; We may need to re-calibrate this space in a
different way from traditional 'team working' and be more cognisant
of the different perspectives that the constituent cohorts bring to
the Board. Certainly the NEDs are coming to this 'team space' with
a clear and increasingly demanding 'governance' perspective and a
keen eye on their duties and responsibilities as a NED, which are
increasingly in the spotlight.</p>

<p>The Executive Team, additionally brings a set of perspectives
and energies which are closely linked to their central individual
values and 'status', to which any 'threat' is likely to elicit a
strong reaction.&nbsp; One of the key developments emerging from
neuroscience research is the impact that threats and anxiety can
have on our power for rational deliberation and perspective.&nbsp;
As the brain is threatened it becomes overwhelmed and reverts to a
short term protective mode, with a shortening of horizons and acute
awareness of the immediate, at the expense of the longer term.</p>

<p>The Chairman's role is to 'orchestrate' this space and develop a
coherent and robust atmosphere of Trust, Challenge, Vision and
Coherence, which is quite a balancing act. &nbsp;&nbsp;There are
many artful Chairman who able to 'pull' this off, but one of the
aspects of our Chairman's Research was how little Development and
Support Chairman had received to achieve this level, most having
got there through a process of previous experience, trial and
error.</p>

<p>Some of the aspects of this balancing act have been identified
by the Financial Reporting Council (FRC) in their 'Guidance on
Board Effectiveness', which identifies the need for appropriate
decision making frameworks and the creation of an atmosphere of
effective challenge towards strategy and the risk model of the
organisation. &nbsp;The refining of this 'Board Team' space is
overdue, the challenge is for Boards to more clearly understand
their own interpersonal dynamics and create an open and recognised
decision making framework which stands the test of tough
times.&nbsp; The FRC guidance describes the dangers of 'group
think', and a casual and untested decision making process which can
be overrun by events.</p>

<p>Additionally, the IDDAS Chairman's Report and the FTSE 100
Female Directors Report, along with other reports in this area have
identified the 'female' approach to challenge and decision making,
which is less directly confrontational, more systematic and less
ego driven, as a positive influence on Board performance.</p>

<p>It is likely, that as we drive toward the achievement of the
Lord Davies Report targets of 25% females on FSTE 100 Boards by
2015, there will be an updraft of females onto Public quoted Boards
and also onto the organisation's Executive Committee, which the
Davies Report rightly identifies as the feedstock for Board
Directors of the future.</p>

<p>So, it is my hope, that as Boards review their performance and
fitness for purpose for the future that we will see both the desire
for; and increased capability, to deliver an open and interactive
'Team Space' environment which leads progressively to enhanced
Board Effectiveness.</p>

<p><strong><em>IDDAS</em></strong></p>

<p><em><a
href="http://www.iddas.com/Services/BoardEffectiveness.aspx">IDDAS
is a leading boardroom consultancy firm</a>, specialising in
individual director and boardroom effectiveness.&nbsp; Its work
covers board assessment, experience-based coaching and mentoring,
leadership facilitation and development, individual assessment and
corporate governance services.&nbsp; IDDAS also assists directors
and senior executives with their business and personal career
transitions.</em></p>

<p><em>IDDAS services are designed for chairs, CEOs, main board
directors, subsidiary/divisional and functional leaders of FTSE,
international and private companies, financial institutions,
public, not-for-profit and charitable organisations, and for
partners in professional services firms.</em></p>

<p><strong><em>The IDDAS offering covers:</em></strong></p>

<ul>
<li><em>Boardroom effectiveness and governance</em></li>

<li><em>Board and leadership facilitation</em></li>

<li><em>Executive coaching</em></li>

<li><em>Business mentoring</em></li>

<li><em>Executive assessment</em></li>

<li><em>Career mentoring</em></li>
</ul>
]]></description></item><item><title>Is Manufacturing the linchpin of the british economy?</title><link>http://www.smf.org.uk/blog-roll/guest-blog/2012/9/20/is-manufacturing-the-linchpin-of-the-british-economy.aspx</link><pubDate>Thu, 20 Sep 2012 11:21:27 GMT</pubDate><guid>http://www.smf.org.uk/blog-roll/guest-blog/2012/9/20/is-manufacturing-the-linchpin-of-the-british-economy.aspx</guid><description><![CDATA[ 
<p><span><strong>Chris Coopey, Partner, Carpenter Box
LLP</strong></span></p>

<p>he 3,000 redundancies planned by BAE come as a bitter blow to
the firm's employees and to perhaps, the 6,000 subcontractors who
supply the firm.&nbsp; But what does it say about manufacturing in
general in the UK?&nbsp; As someone who trained as an Engineer but
is now a Partner at a chartered accountancy firm I believe that
unless some real action is taken to fundamentally shift the balance
of our economy, these redundancies and more like them will change
nothing.&nbsp; Whether we are talking about BAE or Bombardier
(1,400 jobs lost at the train manufacturer in July 2011) or
numerous other examples down the years, what seems obvious is that
as a nation we continue to lie back whilst our engineering and
manufacturing skill-base is inexorably eroded.</p>

<p>For more than 30 years manufacturing has been written off as a
mainstay of the economy.&nbsp; We've blamed foreign competition,
trade unionism, poor management and a lack of investment for the
decline in our manufacturing fortunes but the truth is we haven't
as a nation stepped up to the plate.&nbsp; If the same care had
been taken to protect and nurture manufacturing as has been put
into promoting the UK as a major global financial centre we would
have a strong and vibrant manufacturing base keeping people
employed, paying valuable taxes and selling the products we are so
good at inventing and developing for other nations.&nbsp; Imagine
the engineering equivalent of the redeveloped square mile and
Canary Wharf and you start to understand the analogy. I'm not for a
minutes suggesting that we abandon our banking and services
industry, but what I am saying is that we should recognise that the
balance has swung too far away from creating tangible wealth.&nbsp;
We've come to depend far too much on the intangible wealth
associated with city.</p>

<p>In the words of George Osborne, wrapping up his last budget
speech;</p>

<p>'We are only going to raise the living standards of families if
we have an economy that can compete in the modern age. So this is
our plan for growth.</p>

<p>We want the words: 'Made in Britain' 'Created in Britain'
'Designed in Britain' 'Invented in Britain' To drive our nation
forward. A Britain carried aloft by the march of the makers. That
is how we will create jobs and support families. We have put fuel
into the tank of the British economy.'</p>

<p>Sadly the present government, despite its own words, has still
not woken up to the fact that manufacturing should be the linchpin
of the economy rather than the poor relation of the banking and the
business service sector.&nbsp; To put manufacturing back into
centre stage will take billions in investment and a long term
structural shift, but it has to be the future. &nbsp;Now is the
time for the government to stop talking and to start to take
action.</p>

<p>Chris Coopey is a Partner with Carpenter Box LLP, Chartered
Accountants and Chartered Tax Advisers.&nbsp; He originally trained
with a subsidiary of Simon Engineering in Gloucester, qualifying as
a design draftsman.&nbsp; In 1979 he moved to the
telecommunications industry where he worked for 10 years.&nbsp;
Chris subsequently went to Exeter University before qualifying as a
solicitor.&nbsp; He joined Carpenter Box as Practice Director in
2005.</p>
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