Fundamental Manufacturing Process Innovation Changes the World
16 Pages Posted: 25 Oct 2019 Last revised: 30 Jul 2020
Date Written: July 30, 2020
We describe fundamental manufacturing process innovation (FMPI) and show that it is central to technological and societal progress. We identify the mechanisms by which FMPI occurs and also explain why it is frequently overlooked and/or misunderstood. By analyzing eight such innovations that shaped the modern world, we highlight the scope of FMPI and reveal its common characteristics. We aim to stimulate a conversation about FMPI, assess its frequency and range of impact, and consider methods for incentivizing it in the future.
Keywords: manufacturing, process, innovation, electronics, healthcare, materials, energy
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