“I find it is happening in different ways to every industry in the world, and positioning yourself for that, and trying to get ahead of that, is a big conversation right now.” WorldWayTryingDifferentBigsIndustryRight NowConversationHappeningsDifferent WaysGet Ahead Author:Ken Moelis
“In each business, there is a process, or a delivery system or information system, that is changing rapidly under them.” ProcessInformationDeliveryInformation Systems Author:Ken Moelis
“As a whole, [changing] is deflation force that is being underestimated. Whether each person thinks of it in the context of the word deflation ... what they think of it is, "Hard to hold my margin. I'm under margin pressure. I'm under sales pressure. I'm under cost pressure."” ThinkingPersonsHardWholeForceCostPressureMarginsUnderestimatedDeflation Author:Ken Moelis
“I asked one retailer, I said, "Let me ask you, are you going to raise prices next year?" They looked at me and said, "Not only are we not going to raise prices, we're going to have to lower prices, increase the quality of the goods, and turn the inventory quicker."” YearsSaidTurnsNextAsksQualityLet MeIncreaseRaisesGoodsNext YearInventoryRetailers Author:Ken Moelis
“We pick on retail, I think, because each individual has experience with retail. It is easy to talk about.” ThinkingIndividualEasyPicksRetail Author:Ken Moelis
“Not everybody has experience in drilling for oil in the Permian Basin, but the same thing is happening in every industry everywhere in some manner.” IndustryHappeningsOilDrilling Author:Ken Moelis
“Everybody is talking about synergies. You've got to take out every cost you possibly can. You have to position yourself as your services change.You have to think about in five years from now what is going to happen technologically to you. And then you do have to think about M&A or your balance sheet, and you have to think about everything in the context of, "Am I prepared to meet that challenge?".” ThinkingYearsHappensChallengesTalkingFivePositionBalanceCostPreparedFive YearsSheetsSynergyBalance Sheets Author:Ken Moelis
“The reason you're put in the CEO chair is because a company is facing these issues and you've been designated the person best to organize around them. I think that people are pretty energized around trying to figure this out.” PeopleThinkingTryingPersonsReasonCompanyIssuesFiguresChairsOrganizeCeo Author:Ken Moelis
“The only thing I find executives down about is the regulatory environment.” EnvironmentExecutives Author:Ken Moelis
“The challenges, the changes we're talking about often seem to them like unbelievable opportunities to deliver a product quicker, better. If you can improve the quality, lower the cost, and improve the turns - and you can do that because your information systems, your delivery systems, are better because of technology - well, you see that as a wonderful opportunity to gain market share.” IfsWellsSeemsTurnsOpportunityCan DoChallengesQualityTalkingTechnologyWonderfulShareInformationProductsCostGainsUnbelievableDeliveryInformation Systems Author:Ken Moelis