Assignment Task
1. Use the template in the Renault Nissan case and analyze any one strategic alliance of your choice – clearly enumerate the reasons for success or failure based on your analysis.
End Term Assignment
2. Read the Readiness for the Future of Production report of the World Economic Forum, link it with the Make in India/PLI schemes – take any one industry covered by this scheme and analyze whether India is/can be made globally competitive in that industry, with detailed analysis and action plans based on the report and Government policies made under the scheme.
Preface
As the Fourth Industrial Revolution gathers momentum, decision-makers from the public and private sectors are confronted with a new set of uncertainties regarding the future of production. Technologies are transcending the computing capabilities associated with the digital revolution, transforming the physical world through robotics and new methods of production; enhancing human beings physically, mentally, and experientially; and permeating the environment to facilitate greater interconnectivity, monitoring, and efficiency of resource use. Rapidly emerging technologies—such as the Internet of Things, artificial intelligence, wearables, robotics and additive manufacturing—are spurring the development of new production techniques and business models that will fundamentally transform global production. These technologies are also driving new, more distributed and connected value chains. Both the speed and scope of change add a layer of complexity to the already challenging task of developing and implementing industrial strategies that promote productivity and inclusive growth.
Executive Summary
Context
The Fourth Industrial Revolution1 and emerging technologies— such as the Internet of Things, artificial intelligence, robotics and additive manufacturing—are spurring the development of new production techniques and business models that will fundamentally transform production. Both the speed and the scope of technological change, combined with the emergence of other trends, add a layer of complexity to the already challenging task of developing and implementing industrial strategies that promote productivity and inclusive growth. Further, recent changes put the competitiveness paradigm of low-cost manufacturing exports as a means for growth and development at risk. Countries need to decide how to best respond in this new production paradigm vis-à-vis their national strategies and their ambition to leverage production as a national capability. This requires countries to first understand the factors and conditions that have the greatest impact on the transformation of their production systems and then assess their readiness for the future. Subsequently, governments— together with industry, academia and civil society—can take suitable policy actions to close potential gaps related to their readiness for the future of production.
