A Fresh Idea in Management Leadership OTC : FLKIAs an industry analyst I often stress to find a management system approaching the making of a fresh idea. That undoubtedly explains why people are searching for new ways and new blood.
But even small companies can be found to be glowing with industry success and amazement for their management individuality amongst their peer.
Falken Industries Ltd, publicly quoted under symbol FLKI on the OTC is such a company. This management gives meaning to the art of possibilities; this company hums the euphonious sound of success. Simply it’s a good management story to tell. Not only does the company operate in a pressure-cooker market place, but it marches to the tune of creativity like no other in its field.
Even colossus like Clorox can’t compete. Their Armor-All® and STP brands are for sale as they have confirmed, their growth stunted in part by the likes of FLKI concepts such as Clean Plus® and its global distribution, to say nothing of its focused and continuing research and development
This company has been building since 1997, and has been publicly traded since 2006, in the industry it has had to follow or rather break step, with the powers of multi-nationals like 3M which owns Meguiars®, Honeywell which owns Holts®, and of course Clorox which owns Armor-All®. Its ability to succeed this long and achieve trade leadership, raises eyebrows in the industry but has yet to manifest itself by stock-market investors, though the company’s large trading swings have returned swing traders substantial annual yields going to 300%. In part the investment community’s unawareness is due to management’s well known preference for keeping their noses to the grindstone of business in the misguided belief that if the business goes well the shares will follow. This belief is due for a radical change however, and management now claims to be addressing some of its attention to the issue of the greatly depressed valuation of its shares and I for one suspect this will become obvious fairly quickly.
Management explains their work by first defining a clear idea of what it is that they want as a work product. Manuel Garcia, the company’s communication officer says “We’d be idiots not to make use of the extensive experience available to us.” Hence, management meets regularly with internal and external contributors “we give our collaborators, a sense of ownership and responsibility while also planting the seed that will help us achieve the results targeted.”
The hierarchy seems to carefully avoid creating any perception that they are imposing their will. Certainly choices and decisions can ruffle some feathers, but few would doubt that these choices are made for the good of the company or the more than 160 product conceptions on which it is currently working. “It’s a delicate balance, but still the best result will happen when all employees and collaborators are able to feel that they’re accessing their own point of view about the projects as well” added Garcia.
Everyone at FLKI works at being accessible, whether touring a production site, or a research and development facility it’s a constant that management understands that it can get more by really showing a collaborator that it knows who they are and can identify with them and that it trust them.
It’s a cliché certainly, “Connect with your customers – and actually listen to them on occasion”. But it is rarely done in the automobile after-market industry an important component of FLKI’s concepts and activity. Management is everywhere. Heavily involved in disaster relief through large donations to civil and military rapid reaction crews; education, through grants and internships; arts, through funding and events; and informal activities ranging from sponsoring sports and musical events to school football teams. FLKI also set up direct lines of communications through its blog, and dedicated Email addresses.
The rule and objective seem simple : aspiring managers should apprentice in every part of the operation. In other words, get to know what the people in marketing actually do for a living, same goes for logistics, research and production.
Of one thing there can be no doubt, this management wants the company and its reported 4200 shareholders to do well, very well indeed.
Falken Industries Ltd OTC : FLKI is a diversified industrial conglomerate that operates in Chemicals, Wet Wipe and Biodegradable Technology. Falken Industries Ltd is the concept behind more than 160 products distributed through a network of global platforms and the recipient of trade awards for innovations, biodegradability and environmental and health quality standards.