Speaker:'Let me end by briefly recapping the main parts of my presentation. Firstly, we talked about how relative staff costs have increased for the majority of large companies over the last 10 years, if not longer. Secondly, we identified that the main cause of this rise stemmed from staff isolation, due to the expanding use of Information Technology in the workplace, reduced direct physical communication and contact between managers and their staff, and out of date management strategies and processes. And lastly, I suggested that one way to resolve this big issue is to adapt a new way of managing staff, where more direct physical communication takes places not only between managers and their staff, but between the staff themselves.
I cannot emphasize too strongly the importance that this last part is for your business. We have already seen the rise of companies in the far east, whose ways of working are different to our own and whose relative staff cost is substantially lower than here in the west. In the near future, they will not only be cheaper, but they will have the experience and products to directly compete with you! You need to keep in mind this, because without introducing these fundamental changes in managing your staff, in the long-term you will be undercut, without a shadow of a doubt.
Although this may all sound doom and gloom, I would like to restate that you can change this. It is in your hands. But you have to change now!
I would like to finish by thanking you for your time and I hope that this has been of some use to you.'