Future Industrial Model for SMEs

  • Bititci, Umit, (Principal Investigator)
  • Cahill, William, (Fellow)
  • Finnegan, Catherine, (Researcher)
  • Andrews, Colin (Researcher)
  • Little, Derek (Researcher)
  • Ates, Aylin (Researcher)
  • Warner, Karl, (Researcher)

Project: Research

Project Details

Description

The primary objective of this project is to develop a new practical business and manufacturing model for SMEs in Europe, which will enable them to compete successfully at a national, European and global level.
FutureSME will research and develop a set of tools that will help SMEs to:
• identify a business and manufacturing model that will allow them to develop and sustain their competitive advantage
• develop suitable roadmaps and change plans to allow them to pursue their new business and manufacturing model
• engage the necessary support from their local industry support agencies and educational institutions to facilitate their transformation
• implement the new business/manufacturing models, tools and techniques

Key findings

The core finding of the project is the need for SME's to develop their adaptive capability to meet event based changes in strategy.
A diagnostic tool to identify areas for attention, a strategy method based on events rather than timelines and a visual management to tie daily actions to strategic intent were developed and validated with partner organisations.
Short titlefutureSME
StatusFinished
Effective start/end date1/01/0928/12/12

Keywords

  • adaptability
  • responsiveness
  • competitive advantage
  • SME
  • manufacturing