There remains a lot of electronics design and manufacturing programs to be outsourced and plenty of business opportunities for EMS companies. EMS executives cannot rest once business is won, however.
EMS corporate and strategic plans-of-action must constantly be developed then executed. To set direction and lead effectively, EMS company boards and executives must make assumptions and incorporate these assumptions into their plans-of-action. Assumptions must be updated frequently with company progress closely monitored, and re-evaluated, again, on a regular basis.
RELATED
Venture Outsource human resources and talent management services
Aside from the fact electronics contract manufacturers share some common business traits and, while there appears on the surface to be little differentiation among many seemingly equally-positioned EMS providers serving similar end-markets, each provider does have his own unique set of company-specific EMS-industry strengths; challenges, competitive tactics, and value propositions.
Meanwhile, the make-up of EMS organization boardrooms and the ability for boards to set direction; anticipate market changes, identify industry challenges and respond to these challenges in an ever-changing business landscape can adversely impact chances of success for today’s global, EMS providers.
Directives and execution
At the highest level, corporate strategy and mandates are typically developed and agreed on by the chairman of the board; board members, and the CEO. Company-wide execution of mandates is then put into action by the chief executive officer.
Executive business management consultants Robert Gandossy, Global Leader for Hewitt Associates, and Jeff Sonnenfeld, former Associate Dean for Executive Programs at the Yale School of Management, advocate clear and specific detailing of the role of the CEO and the board in their book, ‘Corporate Governance from the Inside Out’. Gandossy and Sonnenfeld write that given human nature’s tendency to fall into the trap of narcissism, the separation of the roles of chairman and CEO makes for good business sense. (On page 58, they actually advocate this separation as a ‘no-brainer’)
Get list of EMS manufacturers for your requirements (Its free)
Save time and money. Find quality EMS manufacturers. Fast. Venture Outsource has a massive, global database of contract electronic design and manufacturing capabilities. Speak with a Provider Advisor.
“Was able to very quickly find details on the important elements of setting up EMS and ODM partnerships, talked with an advisor for personalized info on quality providers matching our requirements while getting up to speed quickly about the industry and connect with key staff from like-minded companies and potential partners. Great resource.”
— Jeff Treuhaft, Sr. Vice President, Fusion-IO
Advisors tell you matches we find for your needs, answer your questions and, can share EMS industry knowledge specific to your industries and markets.
