Winning the Race for Survival: How Advanced Manufacturing Technologies Are Driving Business-Model Innovation

19 Pages Posted: 27 May 2020

See all articles by Nitin Joglekar

Nitin Joglekar

Boston University - Questrom School of Business

Geoffrey Parker

Dartmouth College

Jagjit Srai

University of Cambridge

Date Written: May 19, 2020

Abstract

The shock brought by the pandemic is liberating firms to make numerous experiments. Some will fail, while others will succeed. This creates a tipping point for a long overdue conversation about new business models in advanced manufacturing and supply chains. As organizations settle into either a new normal or plan their return to pre-pandemic operations, the question rises as to whether firms will “snap back” to normal or settle on some new equilibrium. We may be on the precipice of “Operational Darwinism”, wherein mere reductions in costs may not be enough to compete against leaders who make manufacturing a rapid and key part of their digital innovation edge. In this paper, we explore what new business models might look like and how they are likely to interact with both existing operating and business models in the context of the new normal brought about by the pandemic.

Keywords: Business Model, Operating Model, Advanced Manufacturing, Supply Chains

Suggested Citation

Joglekar, Nitin and Parker, Geoffrey and Srai, Jagjit, Winning the Race for Survival: How Advanced Manufacturing Technologies Are Driving Business-Model Innovation (May 19, 2020). Available at SSRN: https://ssrn.com/abstract=3604242 or http://dx.doi.org/10.2139/ssrn.3604242

Nitin Joglekar (Contact Author)

Boston University - Questrom School of Business ( email )

595 Commonwealth Ave
Boston, MA 02466
United States

Geoffrey Parker

Dartmouth College ( email )

Department of Sociology
Hanover, NH 03755
United States
603-646-9075 (Phone)

HOME PAGE: http://engineering.dartmouth.edu/people/faculty/geoffrey-parker

Jagjit Srai

University of Cambridge ( email )

17 Charles Babbage Road
Cambridge, CB3 0FS
United Kingdom

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