The Courier & Advertiser (Fife Edition)

Joining in the conversati­on

- Graham Huband Business Matters COURIER BUSINESS EDITOR TWITTER: @C–GHUBAND

Confidence is key to a thriving economy and Scotland has much to shout about. But I have long felt domestic companies are missing a trick by staying in the shadows rather than actively showcasing their wares to the world.

A steady-as-you-go, don’t-rock-theboat attitude may have worked for previous generation­s.

But the world has changed immensely through the advent of digital technology and social media and in that fevered environmen­t I’m afraid the tin-hatted ignorance approach to communicat­ions is no longer bliss.

At the touch of a phone screen, an unhappy client can cause no end of reputation­al damage and difficulty for the target of their ire.

On the flip side of that coin, a happy customer can be a firm’s greatest marketing tool.

Companies need to have a strategy to deal with such interactio­ns, turn negatives into positives and make the most of upbeat feedback.

They should also have the confidence in themselves to be able to stick their head above the parapet and know it will not be blown off.

And, beyond ego-stroking, there’s a real business reason for joining the wider commercial conversati­on.

A willingnes­s to listen and engage affords companies the opportunit­y to enhance their reputation, grow sales and fully capitalise on their potential.

On Saturday night, The Courier Business Awards saw more than 700 leaders from the local business community don their glad-rags and confidentl­y proclaim Courier Country as being open for business.

The awards soared to the top of UK Twitter trending charts, received huge attention on Facebook and LinkedIn and the reaction they generated was overwhelmi­ng positive.

Winner or not, the firms who took part are now seeing the benefits of taking a step into the wider world and lifting the lid on what they do.

No doubt there will be some local firms who will want to bask in that reflected glory before returning to their old ways of operating under the radar.

But I hope others will see how counter-productive a strategy that is and choose to join the conversati­on instead.

In the week that Chancellor Philip Hammond signed off the UK Government’s contributi­on to the Tay Cities Deal, we need as many confident and striving businesses fighting this region’s corner as possible if we are to deliver the step-change in the local economy that we all want to see.

The Tay Cities Deal now has £350 million of funding in the pot and we need further private sector investment – both in terms of cash and time – to ensure that money is put to the best possible use and delivers the jobs, economy-boosting infrastruc­ture and new opportunit­ies this region needs.

Making good on the Tay Cities Deal is vital to this region’s future prosperity and something we must all shout about.

 ??  ?? Philip Hammond announced £150m of Tay Cities Deal cash in his Budget on Monday.
Philip Hammond announced £150m of Tay Cities Deal cash in his Budget on Monday.
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