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Future Scenarios of Value Creation in Mechanical Engineering - Derivation of Recommendations for Action

: Humbeck, Philipp; Mangold, Siegfried; Bauernhansl, Thomas

Fulltext ()

Procedia CIRP 93 (2020), pp.844-849
ISSN: 2212-8271
Conference on Manufacturing Systems (CMS) <53, 2020, Online>
Journal Article, Conference Paper, Electronic Publication
Fraunhofer IPA ()
Maschinenbau; strategisches Management; Zukunftsforschung

Increasing volatility and individualization has great impact on value creation, resulting in a complex and interdependent corporate environment. The analysis of possible developments of the future becomes a crucial success factor. By adopting the scenario technique this study aims at deriving future scenarios for value creation in the mechanical engineering context focusing on innovation leadership, differentiation through partnerships and hardware supplier status. The consistency is then evaluated and possible options for action are derived by mechanical engineering experts. The results not only support practitioners to understand future value creation but also inspires scientists conducting further research towards implementing futurology into strategy research.