Whether any of us can truly predict the future is a topic of much debate, however, in the world of business it's an expectation that is cast upon the large majority of the C’Level.
Forecasts for both sales, production, and company growth are at least en-par, if not higher in importance than almost any other pressures in a business, and if the management team are able to make correct assumptions on these then the knock-on effect can be enormous for every aspect of the organization, and for every employee regardless of role.
One could argue that all good leaders have a vision and a strategy in which to drive things forward - think Henry Ford, or Ratan Tata - but it is when this vision is interlinked to a wider ensemble that things become tricky and the challenge becomes real.
A modern leader doesn't need to just understand the company’s capabilities and gaps, but they also need to recognize the competition and how they compare and differ, they need to recognize the upcoming changes to the client’s sector and potential pivots, and of course, they need to understand what has and has not worked historically.
Mindboggling? Absolutely so; but if gotten right, the results can mean perfect alignment to upcoming orders, the ability to exceed customers' expectations, the opportunity to expand and diversify, and critically for the longevity of the business, the chance to inform and align every member of staff towards the same goals and make them feel invaluable in driving towards that vision.
Unlikely as companies are to hit the news headlines when a forecast delivers to form vs not, we should perhaps still stop to recognize the steps that leaders take to align their business each and every year for the sake of all stakeholders, and how a single person’s vision, handled correctly, can influence positively so many others.
Learn more about Adis Automotive Group, the companies within it that provide global plastic services, and how they deliver above and beyond forecast by getting in touch today.