Posts Tagged ‘Innovation’

'Humans are smarter than apes'

June 3rd, 2009
By: Vicki Bell

In past posts, I've mentioned that I'm a tennis fan. The last few days have been quite exciting in the tennis world as No.-1 ranked, four-time French Open champ, Rafael Nadal, was defeated in the fourth round by No. 23-ranked Robin Soderling, a Swedish player who never won so much as a third-round match at a major tournament before beating Nadal. Soderling went on to thrash Nikolay Davydenko and is now in the semifinals.

I've watched these matches on the Tennis Channel (replays in the evening, Dan), which, like most channels, runs commercials. Many are for stores selling tennis apparel or exotic locales where you can play tennis to your heart's content. However, one commercial that declares "humans are smarter than apes" has captured my attention and made me laugh on more than one occasion. It also made me wonder how much smarter we really are, especially when I recently read about a relatively complex chimp-made toolkit.

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A good wind blows

April 20th, 2009
By: Tim Heston

Some ugliness emerged Friday just south of Grand Rapids, Mich., where fights broke out at Wayland Chevrolet on the same day dealership employees learned they would be losing their jobs. According to the Associated Press, the dealership blamed its fate on the ailing auto industry, and on the shutdown of a nearby General Motors stamping plant.

This is just one example of how emotion swells in this country around the auto industry. It made its mark on manufacturing like no other sector. In the Midwest, it almost single-handedly created the middle class.

But there's more to the Midwest than automotive. Go west of Grand Rapids, across Lake Michigan, and you"ll find Manitowoc, Wis.-based Tower Tech Systems, where 210 employees fabricate wind towers nearly 300 feet tall and almost 200 tons.

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Thwarting piracy

April 15th, 2009
By: Vicki Bell

Real life often is every bit as fascinating, suspenseful, and unbelievable as a bizarre movie plot—sometimes even more so. The past few days, I watched with incredulity the coverage of the recent Somali pirate attack on the U.S. ship, Maersk Alabama, in which Captain Richard Phillips was taken hostage. U.S. Navy Seal snipers freed Phillips when they shot the three pirates who were holding him aboard a powerless lifeboat. It was an amazing ending to this particular episode, but the saga continues.

Since Phillips rescue, pirates have captured four vessels and 60 hostages off the Horn of Africa. Today they attempted to hijack a U.S. freighter, the Liberty Sun, which, like the Maersk Alabama, was carrying humanitarian aid. The attempt was unsuccessful, but the ship was damaged by rocket and automatic weapon fire. Reportedly, no crew members were injured.

The Obama administration has pledged to confront the pirates. The Bush administration had issued plan for pirates in December. Moscow Mills Manufacturing Services, Stowe, Vt., produces something that just might be an effective component of any plan—as long as it doesn't fall into the pirates' hands.

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Gaining market share during tough times

April 6th, 2009
By: Tim Heston

Buy low, sell high. Good rules to live by for the investment-savvy person. (I, being oh-so-not investment-savvy, usually do the opposite.) The phrase could be applied, slightly altered, to a business strategy: Invest during slow times so you can sell when times are good.

That sounds like a smart, level-headed business rule, and some of the largest companies follow it. Today The Wall Street Journal reported on a study showing that companies that had steady or increased R&D spending during a downturn found big success once the economy kicked back into gear. Apple"s iPod is a shining example. R&D for the device that helped propel Apple"s growth during the last decade started in 1999, and it was released during troubled economic times--in 2001, just one month after Sept. 11.

But Bruce Hamilton, president of Boston-based lean consultancy GBMP, takes this concept another step. He suggested that companies don"t just hang in there and wait for the upturn. Now, he said, is the time for the best companies to get aggressive, ramp up advertising and marketing efforts, and gain market share.

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'Why didn't I think of that?'

March 18th, 2009
By: Vicki Bell

When you think about it, we all have the ability to innovate. Our innovations can be as simple as coming up with a temporary "fix" for a problem until it can be handled properly. Those of us who work with computers are very familiar with this type of innovation; we call it a workaround.

Sometimes, innovations we read about make us stop and ask, "Why didn't I think of that?" These are the innovations that create new products and processes and launch new businesses. They can spring up anywhere—from the slopes to the operating table.

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'Alive and well'

March 11th, 2009
By: Vicki Bell

An item in yesterday's "Fabricating Update" e-newsletter described the dialogue surrounding reports of General Motors being more open to filing bankruptcy and the company's rebuttal that its stance on bankruptcy hasn't changed. This item concluded by noting that companies on the brink of disaster always make the news, but those that are doing okay seldom do—at least not beyond their local media. We asked subscribers to let us know if their companies are weathering the economic storm— if they are alive and well—and we would share their stories. How many responses have we had? One—from a company that manufactures heavy-equipment attachments. This company's story probably is true for others in metal fabricating that they are alive and well—all things considered.

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Do more with less and perplexity

March 2nd, 2009
By: Tim Heston

Recently I heard an apt story for our times, one that delved into the history behind that perennial, and often abhorred, business buzz phrase, "Do more with less."

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A not-so-good Year of the Ox

February 2nd, 2009
By: Tim Heston

This Chinese New Year wasn"t the rosiest for many folks on the other side of the planet. According to reports, Chinese exports were down 2.8 percent in December from the previous year--a significant number, considering the amount China exports. The country"s GDP grew 13 percent in 2007, but was nearly flat during the fourth quarter of 2008. The world"s workshop now must deal with a global marketplace that isn"t buying as much as it was.

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A sound investment

January 14th, 2009
By: Vicki Bell

Scanning the metal manufacturing news this morning, I ran across a brief item that made me smile. Smiles from industry news don't occur often enough these days. They are almost as rare as receiving a love note from your credit card company that says your interest rate has been lowered because you've always paid your bills on time.

What made me smile was news from Federal-Mogul Corp. about an innovative, environmentally friendly product the company has developed—one that exemplifies the ingenuity that could keep manufacturers rolling along through this recession—a sound investment in this company's future.

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Manufacturing at your service

January 12th, 2009
By: Tim Heston

Let the record show that I"m no fan of the iPod®. My wife got one two years ago, and upon downloading the iTunes® media player program and going through setup, the dang thing prompted us to register at the iTunes Store andwait for itinsert a credit card number.

What?

We just shelled out money for this gadget, which cost more than most comparable brands, and now it wants us to set up an iTunes account so we can spend more money? We"re frugal (we still haven"t set up the iTunes account), but the story does show why Apple"s been a Wall Street darling in recent years. It can make money not only making computers and software (though much of the hardware is outsourced to Asia), but also selling services, which has the advantage of high margins and steady income: The company sells an iPod to a consumer once, but those music download fees keep coming. Judging by its market performance in recent years (excluding recent weeks), Apple"s apparently on to something.

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