Let me define: the business man is R&D Manager
-of a small and medium sized Company
and an other one
-of an international large Company
Do their features and character differ?
Thank you for commenting! Appreciate it!
Peter
The successful business man who is starting his business from zero then developing it to a large company. Or who start handling a large company and make a main improvements
The most features for the successful business man are:
1. Well arranged in term of priorities and time.
2. He can chose a good team for assisting him in his business.
3. He has a good relationship with other business men.
4. Clever and can take the good chances and avoid losses.
5. He has a calculated brain.
Dear Dr Eyerer,
Characteristics (personal traits) NO COMMENT ... ( I have seen some S$#^*)
Business ethics and professionalism , YES
Work in progress traits I look for :
1.Leadership , I truly believe that one who can listen , knows what to value !!!
2.Good team of people , we need to be blessed to be around people who are strong enough to contribute, grow and objectively state.
3.R & D -I believe as Engineers for us failure is one of the option, one who can look @ flip-side to this is a successful business man.
These traits I guess should deepen with experience. Well, power is a tool for strengthening not branding /monopoly .
The successful business man who is starting his business from zero then developing it to a large company. Or who start handling a large company and make a main improvements
The most features for the successful business man are:
1. Well arranged in term of priorities and time.
2. He can chose a good team for assisting him in his business.
3. He has a good relationship with other business men.
4. Clever and can take the good chances and avoid losses.
5. He has a calculated brain.
Dear Dr,
Thanks for good question,
A successful man is one who makes more money than his wife can spend. A successful woman is one who can find such a man. Lana Turner
And also for good business you most have many good relationships with marketing and sellers
4.0 industry, a term introduced recently reflects and promotes the computerization of manufacturing to further automate production. So, I think reflects more the medium and large companies. I agree with what was said “the manager comes and cashes in”. 4.0 will produce more unemployment and a good manager will be the one that will replace more workers by machines.
According to the document "Man and Machine in Industry 4.0: How Will Technology Transform the Industrial Workforce Through 2025?" (http://www.bcg.it/documents/file197250.pdf), prepared by the Boston Consulting Group, managers will need “e-leadership” skills in industry 4.0. The document also describes the action on four fronts requited to build these skills (see the quoted below), and the mastering of the action mentioned here would be the feature of a successful business man in 4.0 industry.
"Building [“e-leadership”] skills requires action on four fronts:
• Awareness. Recognizing and understanding digital opportunities and threats, such as the evolving digital ecosystem and the digital consumer
• Capabilities. Building specific capabilities to commercialize digital ideas, such as capabilities to derive insights from data or lead digital teams
• Culture. Cultivating the mind-set of a digital culture to advance the desired organizational behavior, such as embracing experimentation and failure
• Enablers. Putting in place organizational enablers, such as a new IT department, to deliver sustainable results."
This is more about defining what is meant by success than anything. A company is not just profit and a job should be rewarding beyond just pulling in a paycheck. Sadly, success is usually defined simply by the bottom line. A good business man is one people really want to work for running a company people really want to buy from. If you have this the rest will attend to itself.
According to Wikipidea, Industry 4.0, Industrie 4.0 or the fourth industrial revolution is the recent trend of automation and data exchange in manufacturing technologies involving cyber-physical systems, internet and cloud computing to monitor millions of interconnected devises which entirely change the landscape of business, thus creating a smart production and business system. Automation technology in Industry 4.0 is improved by introduction of self-optimization, self-configuration, self-diagnosis, cognition and intelligent support of workers in their increasingly complex work and production is based on strong customization of products under the highly flexible conditions of production. With rapid development of Industry 4.0, leaders take on a diversity of knowledge and skills in business, strategy and ICT new skills to exploit digital trends and create new business and operating models.
Dear all,
nobody asked: How is successful defined?
For me successful has 4 main aspects
-technical
-economical
-oeconomical and
-social
Thank you for your answers. They touch the first 2 aspects which is unfortunately the dominating actual situation.
So I have to modify the question:
What should be the features of a successful R6D manager in 4.0 industry in a small and a large Company?
Peter
Industry 4.0 will revolutionize manufacturing around the globe, as did the first three industrial revolutions. With global supply chains and highly interactive markets, this revolution will be vastly different from the previous ones: being much faster and generating results that were heretofore unexpected. It will highlight the fact that small changes in one area of the manufacturing ecosystem will create significant ripples throughout the ecosystem, due to connectivity throughout the supply chain and the speed at which information propagates. Furthermore, Industry 4.0 will enable information to flow not only from manufacturer to product, but between producers, products and, most importantly, customers. The ability to embrace Industry 4.0 and use the opportunities that will rapidly (and, in many instances, unexpectedly) present themselves will be a key to success in the new global market. Enabling that innovation to proceed from a concept to a mass-produced product will be critical for success; and ensuring a talent pool in the manufacturing workforce that can move those innovations rapidly forward will be equally important. The United States has a number of programs to enable innovation and ensure the talent pipeline for manufacturing. Some are well established, and others are quite new and very innovative. It is clear that Industry 4.0 presents tremendous opportunities, and this fact highlights the need for a highly trained and flexible workforce and production capacity that can answer the needs of tomorrow as well as those of today.
In closing, it is appropriate to quote Eric Hoffer (1902-1983), a 20th century American philosopher: “In times of change, learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists.” This statement was true in the 20th century and is certainly true today. However, with the ever accelerating pace of technology innovation, it will become increasingly pertinent in the future. The United States stands ready for that future: not only to participate, but also to lead!
http://ostaustria.org/bridges-magazine/item/8310-industry-4-0
Dear Sir,
Thanks for the invitation.
4.0 Industries, a term introduced recently reflects and promotes the computerization of manufacturing to further automate production. 4.0 industry there is much more to consider than just the traits of the manager or the one who runs the company. The successful business man who is starting his business from zero then developing it to a large company. Or who start handling a large company and make a main improvements
The most features for the successful business man are:
1. Do what you enjoy.
2. Well arranged in term of priorities and time
3. Take what you do seriously.
4. Plan everything.
5. Manage money wisely.
6. He can chose a good team for assisting him in his business
7. He has a good relationship with other business men.
8. Clever and can take the good chances and avoid losses
9. He has a calculated brain.
10. Ask for the sale.
11. Remember it's all about the customer.
12. Become a shameless self-promoter (without becoming obnoxious).
13. Project a positive business image.
14. Get to know your customers.
15. Level the playing field with technology.
16. Build a top-notch business team.
17. Become known as an expert.
18. Create a competitive advantage.
19. Invest in yourself.
20. Be accessible.
21. Build a rock-solid reputation.
22. Sell benefits.
23. Get involved.
24. Grab attention.
25. Master the art of negotiations.
26. Design Your workspace for success.
27. Get and stay organized.
28. Take time off.
29. Limit the number of hats you wear.
30. Follow-up constantly.
Regards,
Prem Baboo
Dear Prof. Peter
Thank you very much for inviting me!
I am trying to answer your modified question"What should be the features of a successful R6D manager in 4.0 industry in a small and a large Company?"
I think In a Industry 4.0 environment. The role of R&D manager will be more prominent in Small as well as Large cap industries. Continuous development in all front either it is product design, Process design,Consumer mind set or environmental impact, R&D must be more instrumental. There are many examples e.g. Yahoo,KODAC,NOKIA where R&D actively not played their role. So in the next revolution of Industry R&D Managers and Consumer play the crucial role. Now the next R&D 4.0 should have R&D Expert of Consumer psychology, Data Science, Technology, Automation,Robotics and Art too.R&D Managers must have a skill to manage all.
Resp. Prof. Eyerer,
As per your modified question, the successful R&D manager in 4.0 industry should have following features:
1) Technological understandings; 2) Environmental concerns; 3) Demand for the product in the market; 4) Financial transactions.
Above all this, he should be sensitive enough to understand human psychology and emotions and be ethical in his/her research work with a goal to give something that is useful to the large number of people and least harmful to the eco-system.
While the integration of systems that were once separate benefits manufacturers, it also carries risks in particular to security. Processes that were once isolated are now vulnerable to cyber attack, both directly and indirectly.... Industry 4.0 is IIOT (Smart Industry, Smart Manufacturing...) So successful business man should be aware of cyber security issues.
The need for increased agility and flexibility has created Industry 4.0, or the Industrial Internet, where everything, from assembly line machine to delivery truck, is being connected with everything else, via the Internet. In this fourth industrial revolution,the fusion of physical and virtual worlds into global networks of cyber-physical systems is radically changing production control. While this brings benefits – in lower costs and higher efficiency – it also increases the risks. The complexity of managing production and supplier networks across the value chain grows enormously. It’s a challenge that cyber criminals are exploiting....
The nature of jobs in the leadership domain is changing. It is no longer enough for business leaders merely to be business savvy. The new industrial revolution (referred to as Industrial Revolution 4.0) is with us and business leaders are facing ever growing demand for digital technologies and e-competences...
As the industrial revolution 4.0 develops rapidly, leaders take on new skills to exploit digital trends and create new business and operating models. The industry needs professionals with a diversity of knowledge and skills in business, strategy and ICT as leaders cannot delegate business savviness, strategic management and digital expertise to others, but have to have the knowledge of new emerging digital technologies and apply them strategically...
https://www.henley.ac.uk/files/pdf/research/research-centres/Leadership_4_0_Flyer_speakers_to_be_announced.pdf
hi.thanks for this question.i think every person Needs to Various facilities.
Dear Peter,
I am sorry, I have no idea on the businessmen’s concepts and abilities. I have never met any of them.
Dear Andras,
I met a few of them. 5 of 500. Very diapointing. One of them is the owner of a large wellknown Company. Absolute reliable. Admireing. And successful in all 4 aspects.
One out of 500!
Peter
In fact, managers in small or medium or large-sized companies meet many challenges in managing their companies. Management is a science and art, it is a profession. In the fourth industrial revolution, which includes data exchange in manufacturing technologies and cyber-physical systems, the Internet, and cloud computing, the features and character of a successful business man is different.
Dear Prof. Peter,
Thank you very much for inviting me!
Intetresting question:
What should be the features of a successful R&D manager in 4.0 industry in a small and a large Company?
There is no big difference in approach to managing the small and big bussines.
In both casse, R&D manager is the crucial person of team. Yes theTEAM!
Factories without people are not the future of Industry 4.0. Maybe, at this moment that are the interesting trend, but at my opinion that are not smart choice at long distance. Artificial intelligence will never be able to replace human creativity!
The features of a successful R&D manager are the same for any Industry, but not all the features and skills of the same order of priority today and for few years. People aer changing and industry are also changing.
For Industry 4.0 top skills of R&D manager are:
1. He must to ENJOY in that what he do (that is the basic start point in every bussines).
2. He must to be VISIONARY and to know how to take risks at the right time.
3. Real LEADER in every way and LOYAL to the people in team and employesse in company in good and bad times.
4. He must to be a complex problem solver , multitalented persons and specialist in many field ( technical, economical, manegerial, social...)
5. He must to have critical thinking - Creativity is essential element in his work
6. People managment
- He must be a good listener. It must be able to recognize market needs and consumer as the end user of its products, as well as to hear their associates (when they have to say something, but also and in moments when they are not uttered a single word)
- He have to now hot to motivate and take the best from team of people who work with him.
7. Coordinating with others
8. Emotional inteligence
9. Judjment and Decision Making:
- He must to have also and excelent INTUITION (mathematical models and operational researches could not always give as the best and logical solution for making decissions. Maybe sound strange,but In that case at my opinion history teaches us that only natural intuition and high IQ could help us).
- He must know how to deal with mistakes and how to turn a bad decision in a winning solution.
10. Service orientation
11. Negotiation
12. Cognitive flexibility
Best regards,
Dragan Vuksanović
Thanks for the invitation
As always interesting and challenging questions
Industry 4.0 is truly an Industrial Revolution, oriented to innovation and application of technology in the overall improvement of the industry, from the organization itself, the training of its personnel explosion, process automation, interaction via technology into the company and training and improvement of human-intelligence binomial artificial intelligence.
This because all manufacturing processes or production of services or utensils, or technology, whether they be cars, televisions, computers, chemicals, homebuilding, engineering in the construction and upgrading of roads and bridges, steel industry , nuclear industry, electromechanical industry, etc., are inter-connected.
Being each module or prototype system have appropriate interface, achieving the benefits of full automation, even from receipt of requests for work, the automated production of the constituent elements of certain technology (transistors, software and hardware etc.), assembly elements, testing all finished, the smallest details in performance and appearance, or shipping and to market the product, for example a car.
At the same time they are also handled in an automated way, everything related to marketing, supply and updating of inventory, accounting and financial aspects of the company, the product price to the market and the final consumer.
For all this to work properly a special steering is required, with many great skills, especially leadership to train and promote staff in charge, and encouragement and constant orientation of teamwork for the efficient use of capacities and skills each member thereof, so that each subject important and indispensable to the success of group work in compliance with a target person feel.
Examples and details of the features and capabilities of leaders, entrepreneurs and workers ideal to move and maintain the Industrial Revolution 4.0, have been adequately expressed in many of the pre contributions from a server.
As such I know personally any, in Mexico there are great entrepreneurs and leaders who meet these characteristics, mainly in large industries in the private media, as currently in Telecommunications in the Civil and Industrial Engineering, Industry Entertainment and communication Internet use and "Mass-media".
The following link is synthetic information, especially industries and companies that are entering the Industrial Revolution 4.0.
http://www.strategy-business.com/article/A-Strategists-Guide-to-Industry-4.0?gko=7c4cf
Dear Peter,
as I can see you have received many useful answers.
In my opinion (I agree with most details in previous answers), Industry 4.0 will be full move to completely new business framework. In Vision 2020 in ICT sector is defined what we can expect and the main components of Vision 2020 are: 5G mobile networks, IoT/IIoT, OTT, NFV/SDN (Network Function Virtualization/Software Defined Network),... All new facts and new technologies. This was an introduction.
Managers in new era must have more knowledge than now. Not only organizational skills but also knowledge about new facts in business and about these facts of Vision 2020. Managers in small companies as well as managers in big international companies must have knowledge about all these facts and about all these new things. In my opinion, there will not be big difference in this part of manager's knowledge.
The main difference will be in organizational skills. Managers in huge international companies will have to have greater knowledge about managing people from different parts of business but also from different parts in the world. It will be very noormal (I believe very soon) that some huge company from Saf Francisko has more employees abroad than in USA (or in Frsico). Managers in such companies will have to manage poeople from diferent regions (different religious, different habits, ,...) and with different knowledge and skills.
So, R&D managers in small and huge companies (in ma opinion) must have the same (and very significat) knowledge about new technologies, and about changes those will be happened very soon. But because of these changes (the main component: work from homes from any part in the world) managing and organizational skills will be the main fact that will differentiate R&D managers from huge (big) companeise and from small ones.
Very best regards,
Igor
dear Igor,
thank you for you opinion which is similar to my view.
Best
Peter
Dear Peter,
I am very glad that we agree... it means to me a lot.
Best regards,
Igor
Dear Peter,
Given the caveat that I am unfairly over-generalizing, the R&D Manager of the small to medium company probably still has a stakeholder focus, rather than what I expect would be the shareholder focus of the R&D Manager of the large international company. The R&D Manager is the smaller enterprise probably has a more organic (risk-taking) decision-making process while the on in the larger firm would be inclined toward a more managed (risk-averse) decision-making process.
Regards,
Kevin
Business leaders need transformation. In this changing landscape businesses leaders need to ensure that they possess the right skill sets, an inherent understanding of the rapidly evolving issues, and are open to fresh new perspectives and insights into the opportunities afforded by the emergence of Industry 4.0....
Good event to attend!
http://www.iese.edu/en/executive-education/short-focused-programs/industry-specific/industry-future-manufacturing/
Industry 4.0 refers to the combination of several major innovations in digital technology including advanced robotics and artificial intelligence, sophisticated sensors, cloud computing, data capture and analytics; digital fabrication, software-based services and other new marketing models, mobile devices, platforms that use algorithms embedding of all these elements in an interoperable global value chain, shared by many companies from many countries. Therefore, digital capabilities are vital to move forward with Industry 4.0 that too with readiness and promptness so as to grab first-mover advantage to competitors. Success with Industry 4.0 depends on the proficiency in unlocking data possibilities and using analytics in creative and effective ways.
Are the features: Twittering fake news with contrary meaning every week???
Peter
dear Ljubomir,
there is a man in the USA doing this with empathy.
Best
Peter
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