increased efficiency

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So what did he do???

Andrew Cook took advantage of harsh conditions to provide precisely what customer’s wanted – a fast service and even more affordable quality product! His improvements saved customers money, which naturally increased demand for his product.

When others saw what he had achieved, they changed too, but it was too late. They sought to catch up and triggered intense battles in a long-lasting… but that’s another issue.

What an outstanding story! But what is the worth of its telling? True, times are tough, I’m deeply conscious of this. But it seems to me that Andrew Cook provides us with insights into how to manage in such times: concentrate on the core business, customers and value-differentiating activities and above all a means of doing this efficiently!

Whatever else, we can be sure that Andrew Cook acted with tremendous tenacity and courage to save his company and give it primacy in his industry. His actions reflect capabilities not often mentioned in boardrooms or training rooms – the hidden hallmarks of persistence, determination and sincerity of action, which are often overlooked when eager imitators review pioneers’ strategic innovations and successes. 

Cook himself said: “Press on. Nothing in the world can take the place of persistence. Talent will not; nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts.”

But are the great qualities of persistence and determination alone omnipotent? I think not, even though they are the stuff of legend.

By for now

Andy

 

The outstanding story of William Cook – an antidote for our times!

At a time of extreme and exaggerated gloom about the British and global economies, it is important to be reminded of the business people, who, even in the most unpromising circumstances, remained, and remain, optimistic.

History and our times are populated with outstanding stories of companies that bucked the trend and turned struggling businesses into market leaders.

William Cook Ltd, an ailing, yet well-established family manufacturer of steel castings, rose up from the recession of the late ‘70s to become the market leader in lowest-value segment in the industry.

On taking over the company at that time, Andrew Cook, as the new MD, went completely against the trend and invested in increased efficiency, quality and capacity, at a time, remember, when output had been falling and capacity was double the volume of industry sales. Rivals thought he was mad!

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