We often see mature businesses, with solid reputations, finding it harder to grow than it should be when demand is there. Good internal capability is often diluted by vague or ambiguous strategy, an opportunist sales culture delivering perpetually bespoke products, most of which don’t make any money, and R&D’s too busy ‘chasing their tails’ doing specials to get on with predicting the future. Does this sound familiar?
We’re working with a long-standing, family-owned and controlled manufacturer of pressure vessels whose founding forefathers were vigorous innovators, patenting mechanisms, processes and registering trademarks frequently – a hallmark of many British manufacturing companies of the period. Their machines deliver productivity and consistent quality for, amongst others, manufacturers of precision components in the aerospace and automotive sectors.
In the early 2000s, the Board was advised to split the business between the heavy-engineering type manufacture of the pressure vessels and the technology that controls their performance but doing so brought another set of issues altogether. After several internally-led attempts to put NPD at the heart of the business, our assignment is to harness and shape NPD to drive growth which involves focusing on the following ;