Interview multiple candidates
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Search for the right experience
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Ask for past work examples & results
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Vet candidates & ask for past references before hiring
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Once you hire them, give them access for all tools & resources for success
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Keyence isn’t a household company, even by a low-key standard in corporate Japan, but it is the fourth-most-valuable company, worth more than $90 billion. Keyence started in 1974 helps manufacturers get the most out of their factories with sensors and robots, by designing clever kits and integrating them into their operations.
As the world is aging and more bosses are looking for industrial automation, who handsomely pay for Keyence's services is its strength.The Company operates with a margin exceeding 50%, that truly makes it envious of its margin in comparison to most of the companies of that size and bigger. Even apple has 13% points less net margin compare to Keyence's 36% net margin
Three things that enable Keyence to be so remarkable
1. It usually starts with its focus on the client, to understand the process better than the client and go through a painstaking process in optimization
2. The employees put up a relentless slog even by Japanese standards, handsomely paid with a pool of younger employees
3. The spectrum of industries it serves is amazing from Boeing to Samsung to Toyota illustrates its performance
Precisely, as companies, we don't need to sacrifice margins to gain customers, the key lies in understanding the problem better and building better relationships, which can make companies profitable and lasting.
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This post is part of ZeroCode - Side Effects & Survival Series
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Bharath Kumar B
A wealth of experience in techno-innovation leadership, precise business modeling...
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