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William K.
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Platinum
They appear to have a very smart business plan.
William K.   3/27/2014 2:46:53 PM
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It sounds like this company has undertaken a divesification and growth program in a very wise manner, by carefully determining what will be needed in greater quantities in the future. So in that aspect they certainly are on the right track toward success.

Now the part about beaming energy from space by capturing the sun's output does seem reasonable, and I believe that there was a James Bond movie a few years back about some bad guys doing exactly that. Today it should be possible to do something a whole lot like the movie, and probably on a much larger scale. It certainly could be a source of a great deal of power, BUT it would also be a source of a great deal of heat delivered right to the earth's surface.

I do have a concern about that, though, which is in the accuracy and reliability of the aiming system. Consider what would happen if, with the sunshine collected from a square mile reflector focused on a spot ten feet across, the aim drifted away from the intended target. Instant incineration for whatever the beam hit, in all liklelyhood. In any hands it could be used as a very effective weapon, since it would not run out of power, or have to reload.

So perhaps a whole lot of thought should go into any mechanism for collecting solar energy in space to deliver it to earth.

Greg M. Jung
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Platinum
Future Vision
Greg M. Jung   3/27/2014 10:17:41 PM
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I do appreciate the culture that this company is establishing on looking towards the future.  So many other companies today only focus on the upcoming bottom line for the next fiscal quarter that they never look ahead to the mega-trends unfolding down the road.  I hope that this company does well with this new strategy.

Rob Spiegel
User Rank
Blogger
Re: Future Vision
Rob Spiegel   3/27/2014 10:29:36 PM
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I agree, Greg. This is a great approach to addressing markets. Plan for the market that will be there rather than planning for the market that may be gone soon.

Nancy Golden
User Rank
Platinum
Re: Future Vision
Nancy Golden   3/28/2014 4:55:28 PM
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I agree, Greg. The vision for their group, "The Future Technology group is part of FST's Advanced Product Engineering. The group uses a strategic, multi-stepped process to evaluate trends, markets, customer needs, and opportunities to identify what technologies FST should pursue" sounds like an excellent course of action. The only problem is, for most companies, they can't afford to be that farsighted in the current economy - it seems that everyone I know is wearing multiple hats and working longer hours just to remain profitable. This type of effort they describe is so important - but falls by the wayside when companies are reduced to working in survival mode. The irony is that if they had been able to implement this type of strategy, they may not have had to enter survival mode in the first place...

Greg M. Jung
User Rank
Platinum
Re: Future Vision
Greg M. Jung   3/28/2014 9:56:37 PM
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Yes, it seems that stockholders demand profitable gains every quarter (which forces most other publicly-traded companies to drive towards short term gains instead of long term strategies like this).

Pubudu
User Rank
Platinum
Re: Future Vision
Pubudu   3/30/2014 1:21:49 PM
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Yes Greg, Simply most of the companies are now doing short term base strategies in order to be in the competitive market, Where they should be in the long term strategy also.

a.saji
User Rank
Silver
Re: Future Vision
a.saji   3/30/2014 11:22:28 PM
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@Pubudu: Agreed. I see that as a defensive act. They should take risks and be more proactive so the future will gain more out of it.   

Mydesign
User Rank
Platinum
Re: Future Vision
Mydesign   4/1/2014 3:48:29 AM
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1 saves
"I do appreciate the culture that this company is establishing on looking towards the future.  So many other companies today only focus on the upcoming bottom line for the next fiscal quarter that they never look ahead to the mega-trends unfolding down the road.  I hope that this company does well with this new strategy."

Greg, this is mainly because the business lines have changed due to the purchasing power and desecration level of customers due to globalization and various other factors. Now businesses are mainly customer centric and hence companies are much focusing to them to know what they exactly needs.

Rob Spiegel
User Rank
Blogger
Re: Future Vision
Rob Spiegel   4/1/2014 3:14:44 PM
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Very good point, MyDesign. I didn't realize other consideration were beginning to trump the all-powerful quarterly results. I did notice that warnings were at al all-time high for the Q1 2014. MarketWatch attributed this to a widespread desire to lower expectations. I wonder if this is a version of de-emphasizing quarterly results.

Mydesign
User Rank
Platinum
Re: Future Vision
Mydesign   4/3/2014 3:06:07 AM
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1 saves
"Very good point, MyDesign. I didn't realize other consideration were beginning to trump the all-powerful quarterly results. I did notice that warnings were at al all-time high for the Q1 2014. MarketWatch attributed this to a widespread desire to lower expectations. I wonder if this is a version of de-emphasizing quarterly results."

Thanks Rob, industry and marketing peoples definitely consider all these factors because they don't need a flow in their business strategy.

Mydesign
User Rank
Platinum
Market Research adnd products
Mydesign   3/28/2014 5:05:04 AM
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"FST's Future Technology group is organized into two operations -- one that oversees and manages the innovation product portfolio to fill market-segment technology gaps, and one that conducts trend research"

Rob, that's a good strategy. Doing market research to know what the market needs and productizing the research results; can help to deliver the requirement to market.

Rob Spiegel
User Rank
Blogger
Re: Market Research adnd products
Rob Spiegel   3/28/2014 8:23:51 AM
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Yes, it is a good strategy. One operation looks are current needs, the other looks at future needs. 

Mydesign
User Rank
Platinum
Re: Market Research adnd products
Mydesign   4/1/2014 3:45:20 AM
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1 saves
"Yes, it is a good strategy. One operation looks are current needs, the other looks at future needs. "

Rob, I think now a day's companies are focusing to that level of marketing and researching strategies.

Rob Spiegel
User Rank
Blogger
Re: Market Research adnd products
Rob Spiegel   4/1/2014 10:55:19 AM
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You're right MyDesign. As Chuck mentioned in one of these comments, the auto industry is doing this.

Rob Spiegel
User Rank
Blogger
Re: Market Research adnd products
Rob Spiegel   3/28/2014 8:23:51 AM
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Yes, it is a good strategy. One operation looks are current needs, the other looks at future needs. 

Charles Murray
User Rank
Blogger
Auto industry future tech
Charles Murray   3/28/2014 6:13:01 PM
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The auto industry has undertaken similar studies, with companies such as Delphi Automotive looking at how future trends will affect their business. One big trend is aging drivers. With droves of Baby Boomers reaching retiurement, the auto industry is looking to a bunch of new designs and technology features.  

Rob Spiegel
User Rank
Blogger
Re: Auto industry future tech
Rob Spiegel   4/1/2014 10:25:36 AM
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Yes, I remember you reporting on that study about a year ago. Interesting when companies try to predict the future.

Mydesign
User Rank
Platinum
Re: Auto industry future tech
Mydesign   4/3/2014 3:09:55 AM
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1 saves
"Yes, I remember you reporting on that study about a year ago. Interesting when companies try to predict the future."

Rob, based on  such predictions, they can either increase or decrees the production to meet market requirements. This will avoid dead lock situations like long waiting period from customer and in reverse excess stocks.



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