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Technologies like 3-D printing, robotics, advanced motion controls, and new methods for continuous manufacturing hold great potential for improving how companies design and build products to better serve customers. Why are older incumbent firms slow to adopt new technologies even when the economic or strategic benefits are clear?
In terms of people, processes and technologies, Toyota and Google's YouTube have little in common. The more deeply Jim's essays discussed the nature of supplier relationships, work-flow and value creation in lean enterprise, the keener the connection with YouTube's Space. They don't just partner; they provide resources that add value.
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In the 1980s, our organizations learned a great deal about how to improve productivity, quality, and costs from Japanese practices. That would never fly in marketing, operations research, or even accounting, where academics are all over new developments. A few decades ago, U.S. Let me explain. So schools need to step up.
Every successful conglomerate we know of — GE, Honeywell, Tata and United Technologies Corporation among them — has prospered by doing two things. Of course, the very diversity that defines a conglomerate makes it hard to enforce the discipline of coherence. There is no universal answer.
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