This month, ArcelorMittal, the world’s leading steel company, announced that it had taken a 40% stake in Thai counterpart G Steel. In February, it was reported that Procter & Gamble broke ground on a new manufacturing facility in Taicang, China. As manufacturers pursue aggressive emerging market strategies and expand globally, meeting the challenges of how to best collaborate and communicate with increasingly dispersed and diverse teams will be paramount to survival and success.
Quickly making informed decisions with the support of critical data and the buy-in of the right people is the key to that success and telepresence can be that bridge to competitive advantage for manufacturers. Telepresence can help maximize scarce resources and access to experts by breaking down barriers of distance and time and most importantly speed up decision-making. ‘Speed’ comes into play where it makes it easier to get the right information and have the right people analyze the information or data.
In other words, the key is not so much how fast you can make a decision—anyone can make a snap decision—but how fast you can get relevant data, sort through and understand it, and then make a decision that truly has the buy-in and cooperation of the whole team in order to generate real organizational change. Collaborative groups who can make these fast and effective decisions are often referred to as High Performing Teams.