Business conditions improved a bit, but the industry’s challenges have remained largely unchanged. Although sales rose slightly, overcapacity and murderous price competition remain the rule. The most recent PIA Ratio Studies indicate profits have improved slightly. Similarly, a NAPL survey found that more than 60 percent of the responding printers reported business conditions are better. But “better” is a relative term—this is only a partial recovery from the printing recession that began

Excerpted from:
The Habits of Highly Successful CEOs

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