reputation-risk

The importance of a company's reputation in securing future business and the risks posed by cost overruns and late deliveries when training new employees.

1 chapter across 1 book

Pummel in the Tunnel (2000)Leo A. Frankowski

Chapter 6

The chapter explores the unique challenges faced by the Special Machinery industry, where machines are custom-built for specific clients, leading to cyclical employment and business instability. The narrator reflects on the craftsmanship involved in this work, the naturalness of industrial environments, and the difficulties in maintaining a skilled workforce during downtime between projects. The financial and reputational risks of hiring and training new employees for sporadic jobs are highlighted as central concerns.