Producing Prosperity: Why America Needs a Manufacturing Renaissance

Description

In Producing Prosperity, Harvard Business School professors Gary Pisano and Willy Shih (authors of the award-winning Harvard Business Review article "Restoring American Competitiveness") vividly show the disastrous consequences of years of bad outsourcing decisions and underinvestment in manufacturing capability. They go on to reveal how today's undervalued manufacturing operations often hold the seeds of tomorrow's innovative new products, arguing that companies must reinvest in the collective operational capabilities that underpin new product and process development in the U.S. industrial sector. It is only by reviving this "industrial commons" that we can build both the expertise and the manufacturing muscle to produce tomorrow's hot products-from electronics and appliances to solar panels and next-generation batteries-to regain competitive advantage.

Gary P. Pisano is the Harry E. Figgie, Jr. Professor of Business Administration at Harvard Business School, where he has been on the faculty since 1988. His research has focused on the management of innovation, technology and competitive strategy, and outsourcing. Willy C. Shih is a professor of management practice in the Technology and Operations Management unit at Harvard Business School. His research focuses on capability acquisition in Asian firms and the linkage to US competitiveness issues. Prior to coming to HBS, he spent eighteen years in information technology, followed by ten years in the consumer electronics industry.

"In their book Producing Prosperity: Why America Needs a Manufacturing Renaissance, Harvard Business School professors Gary Pisano and Willy Shih cut through the confusion. In just 138 pages--a perfect read for the Washington to New York Acela--they offer the most compelling case I have read for why making things matters, even if it will produce very few manufacturing jobs in the future." -- Council on Foreign Relations "The prescriptions they offer are not only timely...but they are also realistic goals that are within our grasp." -- Trend & Manufacturing Alert ADVANCE PRAISE for Producing Prosperity: Lawrence H. Summers, President Emeritus and Charles W. Eliot Professor, Harvard University; former Secretary of the Treasury of the United States-- "America will still face critical economic challenges long after the financial crisis. Pisano and Shih make the best argument yet that a renewed focus on manufacturing is crucial for our economic future. Their work should be closely considered by anyone concerned with the future of the American economy." Wendell Weeks, Chairman and CEO, Corning Incorporated-- "Pisano and Shih understand the critical link between manufacturing and innovation. They make a powerful case for why a renewed focus on manufacturing is vital to restoring America's global competitiveness." Charles Vest, President, National Academy of Engineering; President Emeritus, Massachusetts Institute of Technology-- "In this data-driven book, Pisano and Shih argue persuasively that to launch an American manufacturing renaissance, we must strengthen the human capital, policy, and basic infrastructure that are our 'industrial commons.' Their message must be heeded--retaining the ability to innovate is far more important than retaining specific industries." Regina Dugan, Senior Vice President, Advanced Technology & Projects, Motorola Mobility; former Director, DARPA-- "The authors declare, 'When a country loses the ability/capacity to manufacture, it loses the ability to innovate.' I couldn't agree more. We do need a renaissance in manufacturing. Now." Ralph Gomory, Research Professor, Stern School of Business, New York University; National Medal of Science recipient-- "Pisano and Shih's concepts of the 'industrial commons,' and of competing through capabilities, are essential for understanding what is actually happening to American manufacturing and what is needed to restore it." Sergio Marchionne, CEO, Fiat; Chairman and CEO, Chrysler Group LLC-- "This timely book is a wake-up call for American policy makers and business leaders. It urges us all to look hard into the rearview mirror."