Producing Prosperity: Why America Needs a Manufacturing RenaissanceManufacturing’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. |
Contents
165268 01 001020 r0 vs | 1 |
165268 02 021044 r0 vs | 21 |
165268 03 045060 r0 vs | 45 |
165268 04 061072 r0 vs | 61 |
165268 05 073100 r0 vs | 73 |
165268 06 101118 r0 vs | 101 |
165268 07 119134 r0 vs | 119 |
165268 99a 135138 r0 vs | 135 |
165268 99b 139140 r0 vs | 139 |
165268 99c 141144 r0 vs | 141 |
165268 99d 145154 r0 vs | 145 |
155 | |
165268 99f 165166 r0 ss | 165 |
Other editions - View all
Common terms and phrases
American industrial commons analysis applied research Asia basic and applied biotech biotechnology Business School capital expenditures chapter China chips company’s compete competitors consumer electronics costs countries country’s create decades decisions decline Engineering Indicators equipment Evergreen Solar example exports factories firms geographic global government policies Harvard Business Review Harvard Business School high-end highly human capital important increased India innovation process Internet Japan know-how labor market lithium ion batteries long-term machines manufac manufacturing process ment Michael Porter Michael Spence mobile modularity multinationals National Science Board National Science Foundation ofEconomic ofthe operations outsource Paul Krugman percent Pisano policy makers process innovation process technology product design product innovation productivity growth R&D and manufacturing R&D spending role Science and Engineering scientific sectors skills Solar Source South Korea stock buybacks suppliers Taiwan tion Toyota production system trade trends turing United wages workers workforce