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Faculty of Management Research Workshop; Luigi Marengo, LUISS
Details
Make, Buy, or Re-design. The impact of digital technologies on the organization of production
Luigi Marengo, LUISS
The theory of the firm has traditionally focused on the choice between producing inputs in-house (the make option) or going to the market and buying them from an independent supplier (the buy option). However, the technologies which characterize the 4th industrial revolution may offer unprecedented possibilities of fast and radical re-design of products in such a way as to deeply modify the number of parts and components and the interdependencies among them. For instance, General Electric used 3D printing technology to re-design core components of its jet engine: the catalyst went down from 855 components to 12. Thus, a third option seems to appear: re-designing the product in such a way that the component is no longer needed or that the interdependencies among components are radically modified. In this paper we propose a computational model, which studies the organizational implications of a plastic product architecture that firm can strategically modify.
Please contact faculty administration should you wish to attend.
Please contact faculty administration should you wish to attend.
Luigi Marengo is professor of microeconomics in the Department of Business and Management of LUISS University in Rome. His main research areas include Economics of Innovation and Technological Change, Organizational Economics, Industrial Economics, Evolutionary Theory. He has published several articles in Organization Science, Research Policy, Journal of Industrial Economics, Industrial and Corporate Change, Strategy Science, Journal of Economic Behavior and Organization, Journal of Evolutionary Economics, Journal of Economic Psychology, Organization Studies, and several other journals and collective books. He has served for nine years as managing editor of Structural Change and Economic Dynamics, published by Elsevier. He graduated with the University of Torino (Italy) and got his PhD with the Science Policy Research Unit (SPRU), Sussex University, UK
(((Refreshments will be provided from 12pm-12:30pm prior to the workshop in the 4th floor faculty lounge area. )) )
Where
Bayes Business School, 106 Bunhill Row
2005
106 Bunhill Row, London EC1Y 8TZ, UK