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Author: Gary P. Pisano
Publisher: Harvard Business Press
ISBN: 1422187543
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
Manufacturing’s central role in global innovation Companies compete on the decisions they make. For years—even decades—in response to intensifying global competition, companies decided to outsource their manufacturing operations in order to reduce costs. But we are now seeing the alarming long-term effect of those choices: in many cases, once manufacturing capabilities go away, so does much of the ability to innovate and compete. Manufacturing, it turns out, really matters in an innovation-driven economy. In Producing Prosperity, Harvard Business School professors Gary Pisano and Willy Shih show the disastrous consequences of years of poor sourcing decisions and underinvestment in manufacturing capabilities. They reveal how today’s undervalued manufacturing operations often hold the seeds of tomorrow’s innovative new products, arguing that companies must reinvest in new product and process development in the US industrial sector. Only by reviving this “industrial commons” can the world’s largest economy build the expertise and manufacturing muscle to regain competitive advantage. America needs a manufacturing renaissance—for restoring itself, and for the global economy as a whole. This will require major changes. Pisano and Shih show how company-level choices are key to the sustained success of industries and economies, and they provide business leaders with a framework for understanding the links between manufacturing and innovation that will enable them to make better outsourcing decisions. They also detail how government must change its support of basic and applied scientific research, and promote collaboration between business and academia. For executives, policymakers, academics, and innovators alike, Producing Prosperity provides the clearest and most compelling account yet of how the American economy lost its competitive edge—and how to get it back.
Author: Gary P. Pisano
Publisher: Harvard Business Press
ISBN: 1422187543
Category : Business & Economics
Languages : en
Pages : 256
Get Book Here
Book Description
Manufacturing’s central role in global innovation Companies compete on the decisions they make. For years—even decades—in response to intensifying global competition, companies decided to outsource their manufacturing operations in order to reduce costs. But we are now seeing the alarming long-term effect of those choices: in many cases, once manufacturing capabilities go away, so does much of the ability to innovate and compete. Manufacturing, it turns out, really matters in an innovation-driven economy. In Producing Prosperity, Harvard Business School professors Gary Pisano and Willy Shih show the disastrous consequences of years of poor sourcing decisions and underinvestment in manufacturing capabilities. They reveal how today’s undervalued manufacturing operations often hold the seeds of tomorrow’s innovative new products, arguing that companies must reinvest in new product and process development in the US industrial sector. Only by reviving this “industrial commons” can the world’s largest economy build the expertise and manufacturing muscle to regain competitive advantage. America needs a manufacturing renaissance—for restoring itself, and for the global economy as a whole. This will require major changes. Pisano and Shih show how company-level choices are key to the sustained success of industries and economies, and they provide business leaders with a framework for understanding the links between manufacturing and innovation that will enable them to make better outsourcing decisions. They also detail how government must change its support of basic and applied scientific research, and promote collaboration between business and academia. For executives, policymakers, academics, and innovators alike, Producing Prosperity provides the clearest and most compelling account yet of how the American economy lost its competitive edge—and how to get it back.
Author: Stephen S. Cohen
Publisher: New York : Basic Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 328
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Book Description
Author:
Publisher: United States Department of Commerce
ISBN:
Category : Business & Economics
Languages : en
Pages : 92
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Book Description
“The Army was much embarrassed by the absence of the cavalry,” Robert E. Lee wrote of the Gettysburg campaign, stirring a controversy that continues even today. Lee’s statement was an indirect indictment of Gen. James Ewell Brown (“Jeb”) Stuart, who was the cavalry. This book reexamines the questions that have shadowed the legendary Confederate hero and offers a fresh, informed interpretation of his role at Gettysburg. Avoiding the partisan pros and cons characterizing previous accounts, Warren C. Robinson reassesses the historical record to come to a clearer view of Stuart’s orders for the crucial battle (as well as what was expected of him), of his actual performance, and of the impact his late arrival had on the outcome of the campaign. Though Stuart may not have disobeyed Lee’s orders, Robinson argues, he did abuse the general’s discretion by raiding Washington rather than scouting for the army at Gettysburg—a move that profoundly affected Confederate fortunes and perhaps the war itself.
Author: Office of Competition and Economic Analysis
Publisher: Createspace Independent Publishing Platform
ISBN: 9781494921330
Category : Reference
Languages : en
Pages : 24
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Book Description
Exporting provides opportunities to expand the sales of U.S. manufacturing industries, resulting in greater revenues for U.S. companies and higher employment for U.S. workers. However, investors and workers are concerned about risk as well as expected return, and risk depends on the volatility of economic outcomes. In the case of exports, it is worth asking whether the added risks and unpredictability associated with exporting outweigh the increase in expected revenues.
Author: National Research Council
Publisher: National Academies Press
ISBN: 030904331X
Category : Technology & Engineering
Languages : en
Pages : 78
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Book Description
On the basis of discussions and analysis of the current environment for international competition, this book was written to dispel misconceptions regarding the motivating forces behind internationalization and, therefore, to improve understanding of both the challenges and the opportunities of a global market and production base. Important consequences of internationalization for both manufacturers and national policy are described. The volume provides an assessment of what it takes to be successful as manufacturers and as a nation in the international competitive environment.
Author: William R. Killingsworth
Publisher:
ISBN: 9781606496107
Category : Industrial policy
Languages : en
Pages : 0
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Book Description
Manufacturing is a vital sector of a modern economy and is crucial for national defense and security. Since 1990, however, the U.S. has lost one in every three manufacturing jobs. In 1990, U.S. employment in manufacturing was 17,695,000. By 2011, the number of Americans employed in manufacturing had dropped to 11,734,000 - - a stunning loss of roughly 6 million jobs, a 34% drop in manufacturing employment. The decline of the U.S. manufacturing industry has been severe and the impacts devastating to countless American families and communities. Many cities are filled with vacant and abandoned factories and are plagued with high unemployment. Because of the vast job losses, and concerns regarding economic viability and national security, manufacturing is now a major topic of discussion. Rebuilding American Manufacturing presents and reviews why manufacturing matters. The book discusses the important contributions made by manufacturing to a vibrant economy, including the payment of good wages, driving innovation, creating exports and positive contributions to trade balance, and supporting national defense and security. Moreover, the book presents arguments that the loss of manufacturing is not inevitable and is not primarily the result of productivity gains nor of high wages. Analysis of the establishment data including the number of employees shows that, over time, somewhat surprisingly, the vast majority of factory closings were the larger plants with the greatest number of employees. This was true for most industries - the largest factories and plants were the ones most likely to close. This fact has major implications for business strategy and government policy because many companies are now considering reshoring manufacturing from abroad back to the U.S. If successful, this trend will help lower the unemployment rate and strengthen the economy.
Author: Richard McCormack
Publisher:
ISBN: 9780615288192
Category : Globalization
Languages : en
Pages : 332
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Book Description
Author: United States. Congress. House. Committee on Government Reform. Subcommittee on Regulatory Affairs
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 96
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Book Description
Author: David Riker
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 17
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Book Description
"Exporting provides opportunities to expand the sales of U.S. manufacturing industries, resulting in potentially greater revenues for U.S. companies and higher employment for U.S. workers. However, many investors and workers are legitimately concerned about risk and expected return. Do the added risks and unpredictability associated with exporting outweigh the increase in expected revenues? This paper investigates the link between exporting and the economic stability of the U.S. manufacturing sector. It does so in two ways. First, by analyzing the 2000-2009 revenues reported in the public financial statements of two U.S. companies with substantial non-U.S. sales. Second, by analyzing the industry-level shipments data for the U.S. manufacturing sector as reported in the Census Bureau's Annual Survey of Manufactures and the Economic Censuses for 2000 through 2008"--Publisher's website.
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
ISBN: 0309464528
Category : Technology & Engineering
Languages : en
Pages : 129
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Book Description
The Manufacturing USA initiative seeks to reinforce U.S.-based advanced manufacturing through partnerships among industry, academia, and government. Started in 2012 and established with bipartisan support by the Revitalize American Manufacturing and Innovation Act of 2014, the initiative envisages a nationwide network of research centers for manufacturing innovation. As of May 2017, 14 manufacturing innovation institutes had been established to facilitate the movement of early-stage research into proven capabilities ready for adoption by U.S. manufacturers. To better understand the role and experiences of the Manufacturing USA institutes to date, a committee of the Innovation Policy Forum of the National Academies of Sciences, Engineering, and Medicine convened a workshop on May 23, 2017 drawing together institute directors and manufacturing policy experts along with leaders from industry, academia, and government. Participants addressed the role of the manufacturing institutes in increasing advanced manufacturing in the United States, examined selected foreign programs designed to support advanced manufacturing, and reviewed recent assessments of existing institutes. This publication summarizes the presentations and discussions from the workshop.
