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School of Business | Department of Management and International Business | Management Science | 2012
Thesis number: 13435
Management capabilities, business models and investment targets / An exploratory study on the future of the Finnish manufacturing industry
Author: | Isotalo, Tatu |
Title: | Management capabilities, business models and investment targets / An exploratory study on the future of the Finnish manufacturing industry |
Year: | 2012 Language: eng |
Department: | Department of Management and International Business |
Academic subject: | Management Science |
Index terms: | johtaminen; management; strategia; strategy; teollisuus; industry; osaaminen; competence; liiketalous; business economics; mallit; models; investoinnit; investment; tulevaisuus; future |
Pages: | 187 |
Full text: |
» hse_ethesis_13435.pdf size:2 MB (1433333)
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Key terms: | Finnish manufacturing industry; future; management capabilities; business models; investment targets; strategic management |
Abstract: |
ABSTRACT:
Objectives:
This thesis studies the projected future direction and expected management capability
requirements of the Finnish manufacturing industry, by examining the development and
present status of the industry’s business models, management capabilities and future
investment targets. During recent years the Finnish manufacturing industry has
undergone significant structural changes, and the transformation is only expected to
accelerate. Hence, this study aims at creating an understanding of the direction that the
industry is headed in, while addressing what the critical success factors would be for
firms in managing their global operations networks in the future.
Methodology:
A sequential mixed methods research approach was used for the study. Data was
gathered from a total of 73 companies, with a combined annual revenue of over €180
billion. The sample is a representative mix of large companies and SMEs from the
chemical, forest, metal processing, mechanical engineering and electronics and electrotechnical
industry sectors. After conducting a preliminary industry analysis and
literature review, 19 qualitative, semi-structured interviews were carried out. Based on
the answers and input from the interviews, a quantitative online survey was created,
with a total of 54 respondents.
Findings:
The manufacturing industry is expected to continue to expand further abroad and direct
their investments increasingly outside of Finland. The transfer of operations overseas is
seen to extend from manufacturing to R&D as well. The results also suggest that the
importance of Finland for firms as a location is expected to decrease in the future, since
the companies’ operations networks are expected to become increasingly footloose. The
business models, however, are assumed to remain largely based on maintaining product
design in-house. Critical management capabilities for the future include the ability to
optimise the company as a whole, network management and developing the interfaces
between R&D, manufacturing and sales and marketing. The poor alignment of
investment targets and future capabilities, however, raises concerns over the level and
quality of strategic management in several firms.
Keywords:
Finnish manufacturing industry, future, management capabilities, business models,
investment targets, strategic management
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