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Eureka! First in a series: Master WorkHolding Looking for the Next Big IdeaBy Kimberly Conley
The 20 year-old Morganton facility creates customized work holding equipment and tooling used in diverse manufacturing applications. They primarily serve the aerospace, defense and automotive industries. They are there to grow Eureka! Winning Ways® is a system to identify measurably smarter methods for growth. The program is targeted for small to medium-sized industry to develop practical ideas for rapid growth. Master WorkHolding faces international competition and a lack of client diversity. Mike Powell, chief executive officer saw a need for growth and scheduled the Eureka! session.
One of those originated with Dustin Clark, design engineer for Master WorkHolding with 3 years experience. While conversing with Joe Sauve, extension specialist with IES, Clark asked, “What about a lifetime warranty on manufactured components with a special emphasis on wearable parts?” Sauve eagerly replied, “Yellow card that one.” Red light, green light
On the second day, the company developed a 30-day action plan to research and test the idea, or “fail fast and fail cheap,” according to Hall, founder of Eureka! Winning Ways®. At the end of the Master WorkHolding 30 day action plan, Deborah Porto, IES growth coach assigned to Master WorkHolding, called to learn that since the initial Eureka! session, the company was in the process of implementing the warranty idea and that four additional ideas were in the research and test stage. “We’re an idea company and what the Eureka! process did for us is, it actually slowed us down. And I see that as a positive. The platform is systematic and it was just what we needed to grow, intelligently,” said Powell. This is the first in a series for Eureka! projects. Follow developments with this story at www.ies.ncsu.edu and look for the Eureka! heading. |
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