
Resolving the competitive disadvantages that U.S. manufacturers face is similarly nuanced. Although many observers have pointed to innovation as the key characteristic of successful companies, the report finds that innovation alone is not enough. To be meaningful, innovation must result in new products, new production processes, or new management practices. Manufacturers also need to be green, care about their workforce and develop their in-house talent, and find their niche in the global marketplace.
U.S. manufacturers also are at a disadvantage because of the lack of a national manufacturing policy, according to Hill. What policies the U.S. does have were created ad hoc to deal with specific emergency situations, he says. Other reports have placed the burden of developing a national manufacturing strategy solely on the federal government. The MEPAB report suggests that manufacturers, the government and academia should all be involved in developing national manufacturing policies as well as providing a supporting implementation infrastructure for U.S. manufacturing.
Among the suggestions that the Board makes regarding the possible shape such a national policy might take includes developing metrics to measure the return on investments in R&D and federal laboratories. The group also recommends rewarding those institutions that actively seek out opportunities for translating and transferring the products of their research into commercial technologies.
Download the MEP report, Innovation and Product Development in the 21st Century.
Download Executive Summary Only
No comments:
Post a Comment