Month: June 2015

Coming in Second: When Being a ‘Fast Follower’ Is the Best Strategy

An accepted wisdom in business is that being first-to-market with a product, service or a new wrinkle on an old idea is the optimal strategy. Intuitively, this makes sense—a new market is there for the taking. The early mover can capitalize on its inventiveness, win brand loyalty and fend off the copycats that follow. Now comes a series of provocative books declaring that being an… Read more »

Industrial Intelligence

The Risks and Opportunities of Smart Manufacturing Smart manufacturing is the latest in a string of “smart” developments, such as smart buildings, smart cars and smart phones. In this case, the smart part derives from the sensors, data analytics and instrumentation software embedded in manufacturing equipment to manage machines’ performance. Such intelligent systems offer valuable… Read more »