Hard Lessons Learnt Transforming beyond Print by Winson Press
Winson Press Pte Ltd was first established in 1965 and has since transformed into a Gold Award winning printing company in Singapore producing highest quality products including paper boxes, labels, flexible packaging, blister foil, brochures, catalogues, point of sales materials, etc. The company has won more than 33 packaging and print excellence awards organized in Asia, Europe and America. Embracing ¡°Continuous Improvement¡± as one of the core values, the company believes strongly in constantly raising the bar for all aspects of the company including customers¡¯ experience and operations. Currently, Winson Press is introducing innovative solutions for their customers to reduce the time for approving marketing materials and launching new product packaging. In order to provide growth opportunities for his team members, In 2013, Winson Press sped up her transformation through launching online photo merchandise and 1 to 1 Cross Media Personalized Marketing business. During Print Summit 2014 in Mumbai, Tan Jit Khoon, CEO of Winson Press shared the hard lessons he learnt while growing the business as well as the obstacles he encountered in the midst of transforming a traditional printing company beyond ink on paper.
Hard Lessons Learnt Transforming beyond Print by Winson Press
- 1. Hard Lessons Learnt during our Transformation
- 2. Agenda Our Company Profile Our journey Current challenges 5 Hard lessons learnt Sharing our current practices Questions?
- 3. Our Profile Established in 1965 102 Committed People
- 4. Our Journey 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
- 5. Current Challenges PrintReplacement Overseas Competition Industry Output Challenging Economy Strong S$ -30% Steep Cost Increase
- 6. Lost US$ 4,264,000,000 Lost US$ Lost US$ 9,600,000,000 6,400,000,000 Cut 10,000 staff Focus on Digital Imaging, Mobile Devices and Video Games. Move away from TV!
- 7. Global Mobile OS Market Source: 2005 data per Gartner, 2012E data per IDC
- 8. Windows OS: 96% in 2005 Drop from 96% -35% in 7 Years! Source: Asymco.com (as of 2011), Public Filings, Morgan Stanley Research, Gartner for 2012E data
- 9. Other Affected Industries ? Newspaper ? Book shops ? Precision Engineering ? Post Office ? Computer Servers ? Laptops, ¡.
- 10. Lesson 1: Technology is NOT a Magic Pill
- 11. Lesson 1: Technology is NOT a Magic Pill Learnt to formulate our Strategy First
- 12. Lesson 2: Strategy is SEXY¡ Execution is KING! 1% Vision 99% Alignment
- 13. Lesson 3: Bottleneck is usually at the TOP Change begins with ME!
- 14. Lesson 4: People is the KEY ¹«Ë¾ Enterprise -ÈË = Ö¹ People Stop Enterprise will cease without People
- 15. Lesson 4: People is the KEY People are resistant to change!
- 16. Lesson 4: People is the KEY Training is only the beginning!
- 17. Lesson 5: Change takes much L o n g e r & Cost a lot more¡ There is no Finish Line!
- 18. My all time Favourite! Highlighted a lot of mistakes that we made¡
- 19. Our Philosophy Our People Our Partners Our Customers Win-Win Our Shareholders Our Society Our Environment
- 20. Practice 1: Invest in Building Positive Culture Vision BHAG 1 to 1 X Media Marketing Photo-book Commercial Printing Packaging Printing ? Positive Culture Great Game of Business Values & Purpose Mastering Rockefeller Habits Lean Manufacturing
- 21. Practice 1: Invest in Building Positive Culture Great Game of Business 2. Keep Score & Follow the Action 1. Know & Teach the Rules CN 3. Provide a Stake in the Outcome
- 22. Practice 1: Invest in Building Positive Culture Mastering Rockefeller Habits Cash People Execution Strategy
- 23. Practice 1: Invest in Building Positive Culture Lean Manufacturing
- 24. Practice 2: Invest in People
- 25. Practice 2: Invest in People Educate Know & Teach the Rules
- 26. Practice 2: Invest in People Coaching
- 27. Practice 2: Invest in People
- 28. Practice 3: 1% Vision 99% Alignment¡ All our KPIs must be aligned
- 29. Practice 3: 1% Vision 99% Alignment¡ Critical Starting Point Critical Number The journey is more Important ¡
- 30. Practice 3: 1% Vision 99% Alignment¡ Sit Sit The Power of Repetition Sit Sit Sit Sit Sit Sit Good Dog
- 31. Practice 4: Keep Score & Follow the Action
- 32. Practice 4: Keep Score & Follow the Action Make it Fun =
- 33. Practice 5 Daily & Weekly Huddles
- 34. Practice 5: Daily & Weekly Huddles Our people keep their own scores
- 35. Quote by George Bernard Shaw ¡°If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple¡ Nobel Prize & Oscar Winner Co-founder , London School of Economics But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.¡±
- 36. Hope that my sharing has been helpful Comments? jit@winson.com