Lean is one of the biggest management ideas of the past 50 years, says McKinsey’s Ewan Duncan and Ron Ritter in the current issue of the McKinsey Quarterly. It may have started in assembly plants and other factory settings but it has moved into services ranging from retailing and healthcare to financial services, IT, and even the public sector. How might CEOs outside of manufacturing apply some of these insights to their companies?
Prior to the President’s State of the Union address, National Association of Manufacturer’s (NAM) chairman Doug Oberhelman (CEO of Caterpillar) and NAM president Jay Timmons posted this article on Real Clear Politics offering a challenge to our political leaders in taking steps to revive manufacturing. They cite the Skills Certification System as a critical pillar in our manufacturing economy.
Do your eyes glaze over whenever you hear certain words and phrases that have long passed their sell-by date?
queried CEOs and its general readers for buzzwords they would like to ban. We invite Briefing readers to volunteer their own.
America’s manufacturing comeback is in full swing – depending where you are. Some state governments are aggressively pursuing job creators, others are trimming efforts due to fiscal problems and still others have never effectively competed. Here’s the latest roundup.
When asked to describe the impact on the economy of modernizing factories with advanced technology and automation, nearly two-thirds of Americans told pollsters that it either made no difference or actually hurt the economy, according to a report by The Wall Street Journal Economics Bureau Chief, Timothy Aeppel. The percentage who thought it was bad—37 percent of the total—rose with lower household income and among those with lower education. But even among the well-educated and better-off, there was a surprising degree of rage against the machines. 31 percent of those with incomes over $100,000 said modernizing factories hurt the economy, while a quarter of college graduates felt that way.
87% of manufacturers agree that government regulations are increasingly stringent. 90% of manufacturers are convinced that innovation is becoming more important. 75% of manufacturers think that consumers are more concerned about the ethical and fair treatment of workers at all levels of the supply chain. 42% of consumers strongly believe that manufacturers need to improve product quality. These are among the key findings of a recent Underwriters Laboratories annual study of manufacturers and consumers.
Over the last two years, companies have started to move away from offshoring, bringing operations back to the US. So what has triggered this change? Simple: cost, capital, and the job market.
#9 Lothar Maier Linear Technology Linear focuses on designing and manufacturing high-performance, long-lasting analog semiconductor chips, like amplifiers, voltage regulators and data converters, some of which...
In the early 2000s, Dow Corning recognized that silicone was starting to become a commodity and that they needed to rethink their business strategy. The company's new business model was a complete shift from where they had found success in the past, but it was a shift that created a brand new market and customer base for the manufacturer.