Harvard Business Review

MAY 28, 2015

Robotics is a good example: It’s obvious that it can increase productivity, but it takes some know-how to put robots to work. Organizations develop processes through repeated problem solving. Paralleling Jim March’s classic analysis of “exploration vs. exploitation,” short term crowds out long term here as well.

Technology 8

Technology Depreciation Christensen Short-term 8

Harvard Business Review

JUNE 12, 2012

Danaher, a smaller but very profitable conglomerate with a diverse range of manufacturing businesses, has a very different set of strengths; it applies its distinctive lean production system to a variety of product sectors, often through companies that it acquires and then transforms.

Welch 8

Welch Diversity Hedge Chemicals 8

Harvard Business Review

MAY 2, 2016

Generally, what we see is the country where the final assembly of a product took place. Almost every sophisticated manufacturer uses some kind of lean production system that pulls raw materials in from a warehouse. Long gone are the days of vertical integration when a manufacturer could make everything itself.

Supply Chain 8

Supply Chain Globalization Cost Efficiency 8