;#Faculty News;# | Atlantic | 01
Can Advanced Manufacturing Help Spark an American Industrial Renaissance?
Re: Gary Pisano & Willy Shih
The professors urged government leaders to ramp up spending on basic and applied research, focus on "grand challenges,"and let ailing giants falter. They suggested that companies should rebuild foundational R&D capabilities, embrace new financial tools such as real options to ensure that they appropriately prioritize risky projects, and increase the technological competency of their Boards of Directors.