Contrary to what some say, 3D printing is not going to revolutionize the manufacturing sector, rendering traditional factories obsolete. The simple fact of the matter is the economics of 3D printing now and for the foreseeable future make it an unfeasible way to produce the vast majority of parts manufactured today.
If that sounds like a pretentious title, you are probably right, but it's time to start talking about the fact that so many companies simply cannot innovate effectively. Many long standing corporations in the US are simply withering on the vine, unable to respond to changing market conditions, new competitors or changing consumer demands. Past success does not guarantee future success, and by the time many of these firms recognize the need to innovate the opportunity has past them by.
Imagine if business could solve the world’s biggest problems. If more companies had innovation in their DNA, they’d have the power to do just that. The companies that innovate radically, the ones that remain agile year after year, the ones that fulfill their customers’ needs (and their competitors’ customers’ needs) are the ones that’ll succeed and make a difference to society. So, what would it take for all companies to be innovative?
There is obviously a lot of value in pushing for more ideas, encouraging experimentation, and building breakthroughs. But take the time to think about the logical connection points inside your organization. Thinking at a system level will help to maximize your chances of driving impact.
IN 2003, as America was gearing up for the invasion of Saddam Hussein’s Iraq, a tall Frenchman with a thick silvery mane took the floor at the UN in New York. Dominique de Villepin was then France’s foreign minister, and what marked minds was not only his uncompromising anti-war message, but the way he uttered it: his speech was a magnificent rhetorical appeal to values and ideals.
Over the past 25 years, the Internet has radically altered the way people communicate and share ideas and the way businesses interact with customers and clients. For an even longer period, starting in the 1950s with the so-called Third Industrial Revolution, businesses have become more digitized. In the next few decades, a new industrial revolution will combine elements of these two trends, along with related technologies and practices, into a truly "smart" manufacturing process.
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