The fate of manufacturing rests in the hands of small businesses

Why small manufacturers are indispensable to our economy.

By Harold L. Sirkin

When people think of manufacturing, they typically envision large publicly listed companies that make cars, aircraft, home appliances, electronics, medical devices, and so forth. They rarely think about the thousands of small manufacturers around the country — many of them “mom and pop” operations — that make products ranging from guitar amplifiers to flight display systems.

Some 250,000 manufacturers in the U.S. have fewer than 500 employees. Studies show these smaller businesses produce more innovations per employee than large manufacturers. And truth be told, it is generally from these small companies that the jobs of the future will spring.

Read the whole story on The Management Blog

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