Category Archives: Market Diversification
New Research Supports the Positive Effect of Co-locating Production and Innovation
The preliminary results of a new research report on innovation in manufacturing caught our eye here at MAGNET recently. In 2010, MIT’s President, Susan Hockfield, launched the MIT Production in the Innovation Economy (PiE) research group to answer the question: … Continue reading
Is This Our “Sputnik Moment”?
By Fatima Weathers, Executive Vice President, MAGNET At a recent conference I attended in Washington, D.C., panelists from industry, academia, and labor gathered to discuss Manufacturing’s Next Step. Several panelists described the current manufacturing environment as being on the edge … Continue reading
Looking Towards 2013
Before we know it 2013 will be upon us. Tell us what challenge your company faces in the coming year.
Harvard Business School Prof Raises Alarm About U.S. Competitiveness
This week I read a short article in Fortune that really got my attention. It’s titled “The crisis in U.S. competitiveness can’t be ignored.” In this article, Fortune business writer Tory Newmyer reports on a recent speech by highly regarded … Continue reading
MAGNET Ideation Sessions Help Manufacturers “Define, Discover, Develop and Deliver”
By Jim Rundo, Senior Business Consultant, MAGNET “If only we had a way to solve this problem…” “Our company has to introduce some new products soon…” “We are losing business to new competitors…” Most manufacturers have asked one or more … Continue reading
Posted in Innovation, Market Diversification, Product Design & Development
Tagged ideation
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Market Diversification: What Value Do You Bring? Part 1
By Ken Walker, Senior Business Consultant, MAGNET You’ve made “The Decision.” No, I’m not talking about LeBron leaving Cleveland—I’m talking about the decision to move your company’s products and services into a new market. Maybe it’s an allied market that … Continue reading
“Reshoring” gets welcome attention; Good business climate necessary to take advantage of potential
“Onshoring” / “Insourcing” / “Reshoring” These are the names of an emerging trend to bring manufacturing production back to the U.S. that has been taken overseas (often to China) over the past several decades–primarily to take advantage of lower cost … Continue reading
MIT Technology Review: Location matters in manufacturing
The MIT Technology Review today published an article that makes the case that the migration of manufacturing from the U.S. to Asia is an urgent problem for reasons other than the obvious effect on manufacturing employment. In her analysis of … Continue reading
MIT’s Technology Review: “Why Manufacturing Matters”
“Manufacturing is not merely about giving people jobs. The next generation of technological innovations is intimately tied to production processes.” In an article published in the MIT Technology Review on July 1, Suzanne Berger, a professor of political science at … Continue reading
CBS News Report: Manufacturing recovery in Northeast Ohio
In the wake of President Obama’s announcement about his administration’s Advanced Manufacturing Partnership, CBS News reporter Dean Reynolds reports from Astro Manufacturing in Willoughby, Ohio. Astro Manufacturing V.P. Rich Petersen takes him on a tour and describes the company’s strong … Continue reading
