McKinsey & Company: Capitalizing on Lighthouse Factories

Name: McKinsey & Company: Capitalizing on Lighthouse Factories (English version)
SKU: W37300

Ming Dong, Qi Sun, Ning Su

Product #:W37300

Supplier:Ivey

Discipline:General Management, Operations Management

Setting:2024

Details:Case (PDF) • 18 pages • 2024-06-27

Subjects:

Digital transformation Business management Operations and supply chain management Management

Industries:

Business services sector

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$9.71

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The World Economic Forum and the consulting firm McKinsey & Company collaborated with academics to create the concept of lighthouse factories in 2018. The concept represents a vision for manufacturing in the digital age, in which cutting-edge digital technologies are designed and deployed to enable innovative manufacturing practices to be implemented at large scale. The concept has since become a global standard for digital manufacturing. For McKinsey & Company, and other consulting firms, this vision brings significant opportunities but also requires these organizations and their consultants to obtain an in-depth and nuanced understanding of lighthouse factories and the underlying business models, practices, technologies, and cases.

Learning Objectives

After completion of this case, students will be able to accomplish the following objectives:

Understand the evolution of manufacturing, the concept of lighthouse factory, and related strategies and processes of digital transformation.
Explore how the vision of a lighthouse factory can effectively address the challenges associated with the globalization of traditional manufacturing and create new opportunities.
Identify the opportunities associated with lighthouse factories for diverse stakeholders, including consulting companies.