In this video, explore a vignette about a company that made the switch to digital systems. Learn about how these changes rejuvenated the business and brought them into the modern age.
- [Instructor] Blink number six, … Faurecia is just one company that's gracefully pivoted … to success in today's digitally connected age. … Theory is all well and good, … but what does a company that successfully transitioned … to producing smart connected products look like? … One such company is Faurecia … who supplies automotive companies with products, … such as car seats and vehicle interiors, … and in 2015, it found itself in debt and in need of change. … Around 2016, the company put new leadership in place … and read the writing on the wall. … It was time to go all in on digital systems integration … and intelligent automotive cockpits. … After all, the clear trend in cars was digital systems … that connected everything from the ignition … to onboard entertainment. … Faurecia ditched everything else it had been working on … and shifted its funds to include … a 100 million Euro innovation budget. … The changes allowed the company to reduce … its development time from 36 months to just 22. …
Note: This audiobook summary was produced by Blinkist. We are pleased to host this content in our library.