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Archive for the Innovation Category

Advanced Manufacturing – Adapt or Perish !

Advanced Manufacturing – Adapt or Perish ! Every day, we hear or read of new research and projections of disruptive technologies and emerging business models, such as Internet of Things, Industrial Internet, Industry 4.0, Smart Manufacturing and Digital Manufacturing, which will transform the manufacturing industry. Larger manufacturing

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Rethinking Silicon Valley Cliché – Nine of Ten Ventures Fail!

Rethinking Silicon Valley Cliché – Nine of Ten Ventures Fail!   According to a Fortune magazine article, it’s now a Silicon Valley cliché that nine of ten ventures fail!. Many reasons have been offered, from lack of market demand, to insufficient capital, arrogance, etc. However, most ventures are selected

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How to Engage the STEM Workforce to Innovate ?

How to Engage the STEM Workforce to Innovate ?   The critical need to produce the next generation of the Science, Technology, Engineering and Mathematics (STEM) workforce is now well understood by both the US Government and Corporations, and a number of steps, such as the Next

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Manufacturing Innovation and Technology Transition

Manufacturing Innovation and Technology Transition   October 3, 2014 is the Manufacturing Day – an annual celebration of manufacturing in North America. To celebrate this day, I would like to quote a statement from the latest United States Strategic Plan for Advanced Manufacturing. It states that “The acceleration of innovation for advanced

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Rethinking Innovation : A Broader Notion

Rethinking Innovation : A Broader Notion In 1973, Dr. Peter Drucker, the corporate consulting guru, said “because the purpose of business is to create a customer, the business enterprise has two — and only two — basic functions: marketing and innovation. Marketing and Innovation produce results; all the rest

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