Steely determination: Pricing and innovation in heavy industries

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

As we edge toward 2020, and the inevitable reviews of so many “2020 vision” programs initiated in the past decade or so, much of the focus will be on the implementation of AGILE or Lean processes in firms and how effective it has been. These are the two darlings of management development, where processes have been taken from the tech and manufacturing industries and applied across the board. However, before they gained any kind of traction, there was another process enhancement tool that was supposed to take over the world, but seems to have lost popularity – that of Six Sigma.

Practical implications

This paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2018), "Steely determination: Pricing and innovation in heavy industries", Strategic Direction, Vol. 34 No. 3, pp. 33-35. https://doi.org/10.1108/SD-12-2017-0189