The equity markets rise and fall with reports on housing starts, manufacturing statistics, money policy, and labor statistics. Industrials are an important part of this equation, and companies in this sector face strong competition in a very competitive global landscape. Public companies are under continuous pressure to improve shareholder returns quarterly. Private equity-backed companies are under continuous pressure to reduce debt and grow profits. Privately held companies are under continuous pressure to provide for their owners’ and employees’ well-being.
The single most important factor mitigating this relentless pressure from all sides is talented leadership. Talented leaders drive strategic imperatives. Strategic imperatives lead to solid operational plans. Solid operational plans give team leaders focus and provide motivation for all employees. Motivated employees achieve the impossible in difficult environments—everyone wins and it all starts with talented leadership.