Abstract
Manufacturers are in the midst of one of the most significant transformations in history. The kaleidoscopic nature of the global economy has created an environment of unprecedented hyper‐complexity and dynamic change. So much so that the rules of the competitive game are shifting faster than managers can react to them. Moreover, these dynamics bode continuous sea changes in work and sources of value‐added. Looking to past solutions for rationing resources and controlling costs is not an option. The drivers of change indicate one point: Successful manufacturers tomorrow will not look much like those of today.
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