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SUMMARY:Industrial strategy and manufacturing strategy: resource allocatio
 n and the role of value chains - Professor Alan Hughes\, Professor of Inno
 vation\, Imperial College Business School\, London\, Distinguished Visitin
 g Professor\, Lancaster University Management School and Margaret Thatcher
  Professor Emeritus\, University of Cambridge
DTSTART:20171024T163000Z
DTEND:20171024T160000Z
UID:TALK93679@talks.cam.ac.uk
CONTACT:Rashmi Sinha
DESCRIPTION:The publication of the UK government’s green paper on indust
 rial strategy has reignited the debate about the basis on which industrial
  policy support should be allocated across sectors\, technologies and/ or 
 missions. It has also led to a rehearsal of old arguments about the imposs
 ibility of “picking winners” and selective support policies. In this t
 alk I will first argue that within any industrial strategy for the UK ther
 e must be a recognition of the particular role played by manufacturing in 
 the overall economic performance of the UK and in particular its trade per
 formance. I then argue that support policy must involve allocation decisio
 ns in using scarce support resources. These decisions (whether sector\, te
 chnology or mission specific) should I argue be based on a detailed granul
 ar understanding of that policy’s set of value chain implications. I arg
 ue that strategic support policies must be focused on developing activitie
 s which generate significant value added which accrues in the UK. This new
  value chain perspective should be central to any industrial or manufactur
 ing strategy for the UK.\n\nPlease "register here":https://www.eventbrite.
 co.uk/e/industrial-manufacturing-strategy-resource-allocation-value-chains
 -tickets-38723598325 to attend this talk.
LOCATION:Institute for Manufacturing\, 17 Charles Babbage Road\, Cambridge
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