LUT School of Industrial Engineering and Management
Vesa Harmaakorpi, Dean
Global threat of sustainable value creation
− ”Triple debt”
1. Ecological: Natural resources are 1,5 times over-utilized.
2. Economic: Europe, countries and municipalities are living on credit. We
are eating from the plates of our children.
3. Social: People feel bad under growing pressure.
Weakened competitiveness of companies, public sector and
Preventing the triple debt is offers business opportunities.
Areas and challenges of sustainable value creation
− Development of innovation systems
− Innovation systems cannot respond to the challenges of open innovation
− Insufficient dialogue between science and practice leads to unnecessary use of
− Exploitation of innovation potential is weak
− Development of management and processes
− Productivity is taken from people not processes
− Knowledge in organizations is poorly utilized.
− Benefits of networks are not used
− Development of ICT
− ICT is seen only from a technical point of view, not as part of business processes
− ICT is not applied in novel ways
− Openness is just on the way, closed systems prevent open innovation
Our response: Productivity innovations
“Productivity is not everything but in
the long run it is almost everything”
“Production and use of
knowledge is at the core of
value-added activities, and
innovation is at the core of
growth” (Archibugi and Michie
“Europe suffers of productivity
gap preventing sustainable
“80% of growth is explained by
increased productivity; 80% of
the increased productivity is
explained by innovation”
Productivity Innovations in Sustainable Value
Research at the School of Industrial Engineering
“The aim of the research is to produce state-of-the-art scientific research
by combining practice and theory and applying them effectively”
Faculty research is based
on three areas of expertise:
School of Industrial Engineering and Management
− Number of students:
− Industrial Management: 839
− Information Technology: 358
− Number of postgraduate students:
− Industrial Management: 75
− Information Technology: 13
− Number of staff members: 130
− Number of professors: 17
Graduates (year 2012)
Bachelor of Science 78 18
Master of Science 125 42
Doctor of Science 7 2
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