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Etme2012 Keynote Address July 27 2012
 

Etme2012 Keynote Address July 27 2012

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National Conference Keynote address. Emerging Trends in Mechanical Engineering 2012

National Conference Keynote address. Emerging Trends in Mechanical Engineering 2012

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    Etme2012 Keynote Address July 27 2012 Etme2012 Keynote Address July 27 2012 Presentation Transcript

    • Emerging Trends in Mechanical Engineering 2012 Conference Keynote Dr. Sandeep Muju Director KPMG USA National Conference on Emerging Trends in Mechanical Engineering ETME 2012 AKGEC, Ghaziabad, India© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. July 27, 2012All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks ofKPMG International. 51836SFO
    • Speech Contents Global Trends Nature of Firm Key End-Use Markets & Technology Needs Mechanical Engineering a core discipline Innovation a sustainability strategy Closure© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 1KPMG International. 51836SFO
    • Key Global Trends Flattening and Boundary-less global market(s) evolution … Exchange of ideas, information and resources is becoming easier … Mature developed markets unable to offer “growth” markets … New growth coming from Emerging & Advancing countries … Financial resources no longer exclusive to “mega” corporations … Natural resources getting stretched to Mother Earth’s sustainable limits … Over 6+ Billion global minds that for most part are “free” to create ideas …© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 2KPMG International. 51836SFO
    • Tale of Two Asian Giants Emergence of Asian giants - China and India Combined Population: ~2.5 Billion (~37% of World) Combined GDP: ~$8 Trillion (~50% of EU or USA by itself) Combined Average GDP growth: >8% YoY (>2X that in USA or EU) In <10 years combined “China+India” have the potential to exceed in GDP and/or purchasing power than either Europe or USA … The Big Q: When will institutional maturity in India allow it to achieve its potential ???© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 3KPMG International. 51836SFO
    • Nature of the Firm (i.e, Company) Nature of the firm ….  YoY sustainability …  YoY growth …  YoY profitability …  YoY Stakeholder value creation … Nobel Laureate Coase argues,  the size of a firm is a result of finding an optimal balance between the competing tendencies of organic growth (internal costs) and external suppliers/partnerships (transaction costs outside the firm). Increasing success tends to reduce risk taking appetite … Balancing risk exposure with YoY stakeholder value creation …© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 4KPMG International. 51836SFO
    • Evolution of the Firm (i.e, Company) Based on Darwinian theory of evolution: “In the natural world, species evolve – that is, they change to meet new challenges – or they die. The same genetic imperative operates in business” - Charles Fine, MIT, Clockspeed A company is its chain of continually evolving capabilities – that is, its own capabilities plus the capabilities of everyone it does business with. The “innovative” survive and the “fittest” sustainably create value …© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 5KPMG International. 51836SFO
    • 5 Key Market Technology Needs – Indian context 1. Energy - Non-renewable sources (coal, petroleum, etc) - Renewable sources (solar, wind, etc) 2. Transportation - Air (commercial, military, manned, un-manned, space) - Land (Road based – car/truck, Track based – train/metro) - Water (commercial, navy, manned, un-manned, deep sea) - Land/Air/Port Infrastructure quality and capacity 3. Environment - Air and potable water quality as well as long-term sustainability - Hazardous and Non-hazardous waste management 4. Food/Agriculture - Agricultural productivity and food storage - Perishable goods (processed/raw food) distribution 5. Medical - Healthcare services quality and capacity - Pharmaceutical quality and capacity© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 6KPMG International. 51836SFO
    • Mechanical Engineering is a core engineeringdiscipline with critical and wide-spread utility ... 1. Energy - Developing new energy production technology and products - Improving energy generation efficiencies per unit of fuel 2. Transportation - Developing improved Air/Land/Water transport technology & products - Improving Air/Land/Water transportation infrastructure and traffic mgmt 3. Environment - Developing technology and devices for Air and/or Water purification - Technology for Hazardous and Non-hazardous waste management 4. Food/Agriculture - Developing technology for food storage and agricultural productivity - Perishable goods (processed/raw food) distribution technology and infra 5. Medical - Prosthetics/Implants/Robotic Surgery medical devices - Pharmaceutical technology and production© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 7KPMG International. 51836SFO
    • An Example: History of Mechanical Engineering in Air/Land Transportation Rafale India 2012 Globalization is a fairly recent phenomenon, COMAC Microsoft 2008 ? historically speaking … EV 1975 AeroVironment 1970s- IAI UAVs 1971 First UAVs 2000s 1970s ~1960-90 Airbus Aryabhata NASA 1960s Internet Apollo 11 1975 Boeing 1958 Sputnik 1969 1970-90s IBM 1916 1957 1911 Telegraph Marconi, 1909 First Manned Flight Automobile Wright Bro, 1903 Benz 1886 Steam Locomotive Battery Trevithick, 1804 Innovation is was a slow process …. Volta, ~1800 Steam Engine It is “Revolutionary” when it happens .. Savery, 1698 It is “Evolutionary” in the meantime ..© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 8KPMG International. 51836SFO
    • A Firm makes and delivers product and/or services through a business value chain ... Value Chain: Michael Porter, HBR© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 9KPMG International. 51836SFO
    • For a Firm “Innovation” is the way to ensure sustainability and continued relevance ... Is Innovation about product and/or technology ??? Innovation … Who is supposed to do “that”? Should internal teams of engineers, product marketers, and R&D personnel be charged to develop new ideas for technology product and/or service Or M&A and Strategy folks should acquire “innovative products/services” from outside? … and Why?© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 10KPMG International. 51836SFO
    • Innovation is Multi-dimensional and Multi-faceted ... Engineering/Technology innovation is a critical element in overall business value chain and often drives the rest …© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 11KPMG International. 51836SFO
    • Opportunities for New Engineers ... Speed of Innovation has been increasing …. With lower entry barriers globally, new entrants can emerge faster …. Tremendous possibilities for new ideas and creation …. Purchasing power is rapidly increasing in the “Developing” world … Ability to bring idea to reality increasing with increasing global financing … Tremendous opportunities for Mechanical Engineers to develop innovative technology and products for global as well as local Indian utilization (Energy, Transportation, Environment, Agriculture, Medical, etc) …© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network ofindependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 12KPMG International. 51836SFO
    • Closure ... “To laugh often and much, to win the respect of intelligent people, to earn the appreciation of honest critics, to appreciate beauty, to find the best in others, to leave the world a bit better. This is to have succeeded.” - Ralph Waldo Emerson Thank you Dr. Sandeep Muju KPMG LLP Los Angeles, California, USA© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of Cell: 323-947-7029independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of 13KPMG International. 51836SFO