Making Your Mark on The Manufacturing World December 7, 2014My BusinessOff

Manufacturing is back on the agenda as the world’s economies seek to finally shake off the debilitating effects of recession. The western economies are also seeking to make up lost ground after ceding manufacturing advantage to the Far East.

Much of the manufacturing growth nowadays is through new technologies and this is having massive social implications. The old heavy industries were very much a male preserve. Gender bias need not be so apparent in modern manufacturing; whether you are female or male you can make your mark in the industry as long as you have the drive and the talent.

Technology continues to be an expanding market and could be your route into manufacturing. However, to be successful in the face of stiff competition at home and abroad you need to stand out from the rest. This means developing an attractive brand and a niche product that the consumer will want to purchase.

Founding your own business is one of the best ways to enter manufacturing. To start your own enterprise you need capital or access to it, a product concept and a business plan. For your business to be a success, you must also design, develop and produce a product that the public, or industry, both needs and wants, and draw up a strategy for marketing it. This will entail a great deal of research into the types of product the market wants and just where that market will be, and the price the public is willing to pay for your offering.

Earning an advanced degree can help a great deal in this situation, since it provides you with the knowledge that is necessary for you to succeed. A Master’s in Economics with an applied economics specialization is perfect for those who wish to embark on a career in the manufacturing industries because it teaches students about intellectual property rights and how they pertain to the products that they manufacture. Since many in the manufacturing industry end up expanding internationally, this knowledge is especially valuable because it shows business owners how their property rights work globally.

One area in manufacturing in which you may want to major is the development and production of the transducer. Transducers are electronic devices that are found in the likes of loudspeakers, microphones, antennas and position and pressure sensors. They are typical of the innovative products being manufactured today. In an already saturated market, the product you turn out must offer something extra – a unique selling point – either in terms of performance, versatility or price, if it is to be both popular and profitable.

Building your own business is not for everyone. In such cases, the option may be to join a company such as Transducer Techniques, manufacturing high-tech products. Working for a firm does not provide the freedom enjoyed by those who run their own manufacturing businesses, but there is much more security, including the guarantee of a regular wage. However, there is still the opportunity for advancement if you work for someone else and the opportunity to strike out on your own and make your mark in manufacturing at a later stage.

If you want to make your mark in modern manufacturing, a spirit of innovation on your part is most necessary to meet the ever-changing demands of business and the public. Successful products such as transducers and firms like Transducer Techniques can serve as an inspiration for people such as yourself, and could be your first step out on to the path of success in the world of manufacture.

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