For the last two years, the recession has forced manufacturers to focus on a single issue—survival. This year, with the economic recovery underway, MAGNET is launching a new service—the Partnership for Regional Innovation Services to Manufacturers (PRISM)—that will help manufacturers focus on innovation as the key to their long-term growth and success.
by John Schober, Director of Innovation, MAGNET
For many of us, the turning of the calendar into a new year prompts the annual ritual of making New Year’s resolutions. These promises to ourselves remind us to place increasing emphasis on what is important, like spending more time with family or improving one's health, and to avoid being a slave only to what is immediately pressing. Businesses face a similar challenge of finding the time and resources to focus on those things that are important but appear to have limited urgency. One of the vital matters that often does not receive the attention it deserves is focusing on developing the ability to respond to opportunities and changes in the marketplace. It is no stretch to say that the economic recession of the last few years forced many companies to focus on a single priority—survival. In this kind of environment paying attention to anything with a time horizon beyond a few weeks—let alone a few years—can be a challenge. But many companies struggle with this challenge in good times as well. When customer orders are coming in faster than they can be processed, how can anyone find the time to focus on the future? Whether in manufacturing or services, or whether companies are large or small, balancing the demands of now with the opportunities of the future is a common challenge. Like any organization, MAGNET has faced this challenge.
A few years ago, an extensive manufacturing-led planning process called the Global Manufacturing Roadmap resulted in the decision to create MAGNET on the organizational platform of the former Cleveland Advanced Manufacturing Program (CAMP). The goal was to better respond to the changing needs of manufacturers in the region. This evolution didn’t happen as fast as we would have liked, and it didn’t play out entirely as planned, but MAGNET now has a broader range of programs and services aimed at helping manufacturing companies compete. These include product engineering, workforce development, market diversification, export assistance, and sustainability, along with the traditional services focused on productivity and quality. These services have helped make a difference for hundreds of manufacturers in the state and region. This year, MAGNET is once again making a choice to evolve to meet the ever-changing needs of the region's manufacturers. We are focusing on improving our ability to support the efforts of companies to shape their futures through increased attention to innovation. Like MAGNET’s previous evolution, this choice is motivated by changing market conditions. Certainly the ability for manufacturers to develop their business for the future has been impacted by the economic recession, but we also see untapped potentials for our manufacturers in markets outside of the ones that have traditionally been associated with the region, such as medical, solar and wind. In addition, we see growing opportunities to leverage support from state and federal agencies, universities, community colleges, and other economic development resources that all share an interest in improving the vitality of the regional manufacturing sector.
We already have significant momentum behind the new PRISM initiative. Organizations across Northeast Ohio, including The Fund for Our Economic Future, The Cleveland Foundation, the Greater Cleveland Partnership, NorTech, WIRE-Net, and several manufacturers, are already playing key roles in its development. PRISM is also generating national interest, as it was recently highlighted as a key element in Northeast Ohio’s broader economic development strategy at the Brookings Institution’s Global Metro Summit in Chicago last December. It also was mentioned in a Time magazine article that compared Turin, Italy’s approach to economic development with Northeast Ohio’s strategy. PRISM is the beginning of MAGNET's effort to find better ways to help manufacturers focus on shaping their future. We are currently looking for manufacturers that may be interested and willing to work with us in piloting the new PRISM services. We feel a meaningful resolution you can make to strengthen your manufacturing organization this year is to talk with us about the PRISM program. So I invite you to contact me if your organization is interested in participating in this dynamic effort to grow your business. [This article originally published in the January 2011 issue of MAGNET Roundup] |
Parker Hannifin developing hydrogen fuel cells for Airbus, by Robert Schoenberger, Cleveland Plain Dealer, July 1, 2011 Alcoa plant to add workers; Barberton wheel facility planning $21 million expansion, by Katie Byard, Akron Beacon Journal, July 1, 2011 Warren Incubator hailed as nurturing future, by Dennis LaRue, Youngstown Business Journal, June 30, 2011 Kent Displays gets $7 million in funding, to add 40 jobs, by Robert Schoenberger, Cleveland Plain Dealer, June 29, 2011 Johnson Controls to invest $138.5 million, add jobs at battery plant in Holland, by Larry P. Vellequette, Toledo Blade, June 28, 2011 Wind turbine starts up in Euclid above Lincoln Electric Co., by Andrew John, Cleveland Plain Dealer, June 27, 2011 House passes patent overhaul, by Jim Puzzanghera, Los Angeles Times, June 24, 2011 Obama announces $500 million effort to boost high-tech manufacturing, AP via Cleveland Plain Dealer, June 24, 2011 NorTech identifies Northeast Ohio's opportunities in advanced energy, by Chuck Soder, Crain's Cleveland Business, June 22, 2011 Ryan: Lead the world in advanced manufacturing, by Steve Minter, Industry Week, June 22, 2011 Ohio wind manufacturing on growth trajectory, by Bill Rice, WCPN IdeaStream, June 20, 2011 Sherwin-Williams wins green award from U.S. EPA, by John Funk, Cleveland Plain Dealer, June 20, 2011
Olympic Steel to unveil 120-foot-tall, 100-kilowatt wind turbine, by Dan Shingler, Crain's Cleveland Business, June 16, 2011 WindMade label for wind-powered companies debuts in U.S., Los Angeles Times, June 15, 2011 Alcoa says new materials will save planes weight, AP via Cleveland Plain Dealer, June 10, 2011 Siemens CEO urges Mahoning Valley to seize opportunities in green energy industry, by Dennis LaRue, Youngstown Business Journal, June 7, 2011 Vadxx Energy oil fuels potential for large-scale growth, by Dan Shingler, Crain's Cleveland Business, June 6, 2011 Polyflow, YSU turn trash into treasure, by Dan O'Brien, Youngstown Business Journal, June 1, 2011 |