The boss of a local engineering firm whose sales and workforce have soared in the past decade says Irish companies must become “lean” if they are to compete on the global economic stage.
Philip O’Doherty, speaking at the McGill Summer School in Glenties, Co. Donegal, said it was vital Ireland became “a competitive, export-focused economy”.
The type of economy he envisages comprises small and medium sized enterprises (SMEs) alongside foreign direct investment firms.
Key to any success, he said, were highly skilled employees led by world class management teams.
His remarks come at a time when companies across Ireland are beginning to focus on international markets to expand business.
Mr. O’Doherty heads-up the E&I Group which had an estimated annual turnover of more than £95 million in 2013 and employs 450 staff in Ireland and 220 in Dubai.