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December 2014
ILP Research Group
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ILP Research Group
This list is a guide to MIT research on topics that have been of interest to ILP member companies. The list includes reports from 2012 to present and is updated regularly.

December 2014
ILP Research Group
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ILP Research Report

Survey of MIT research including such topics as:

Additive manufacturing * 3-D printing * building innovative capacity * supply chains * sustainability * operations * industrial urbanism * design * startups ...

Please note that not all ILP research reports are posted online. The main ILP RESEARCH REPORT LIST serves as a guide to MIT research on topics that have been of interest to ILP member companies. The list includes reports from 2012 to present and is updated regularly.

December 2014
Technology Review and MIT ILP
Technology Review Business Report

MIT Technology Review Business Report: Breakthrough Factories

Manufacturing's pivotal role in nurturing innovation is being recognized from China to California. Where--and how--is it being done best?
The Business Report gives executives and entrepreneurs consistently valuable insights into how emerging technologies can transform companies, disrupt markets, or create entirely new industries. This special ILP edition of the Business Reports also includes a sampling of relevant MIT research in departments and interdepartmental research laboratories and centers across the Institute.

November 2014
Harvard Business Review Press
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Fail Better

Anjali Sastry and Kara Penn
Design Smart Mistakes and Succeed Sooner
If you're aiming to innovate, failure along the way is a given. But can you fail better? Whether you're rolling out a new product from a city-view office or rolling up your sleeves to deliver a social service in the field, learning why and how to embrace failure can help you do better, faster. Smart leaders, entrepreneurs, and change agents design their innovation projects with a key idea in mind: ensure that every failure is maximally useful. In "Fail Better," Anjali Sastry and Kara Penn show how to create the conditions, culture, and habits to systematically, ruthlessly, and quickly figure out what works, in three steps: (1) Launch every innovation project with the right groundwork, (2) Build and refine ideas and products through iterative action, and (3) Identify and embed the learning. "Fail Better" teaches you how to design your efforts to test the boundaries of your thinking, explore crucial interdependencies, and find the factors that can shift results from just acceptable to groundbreaking--or even world-changing. Practical instructions intertwined with compelling real-world examples show you how to: Make predictions and map system relationships ahead of time so you can better assess results; Establish how much failure you can afford; Prioritize project activities for disconfirmation and iteration; Learn from every action step by collecting and examining the right data; Support efficient, productive habits to link action and reflection; Distill, share, and embed the lessons from every success and failure. You may be a Fortune 500 manager, scrappy start-up innovator, social impact visionary, or simply leading your own small project. If you aim to break through without breaking the bank--or ruining your reputation--this book is for you.

Anjali Sastry is a Senior Lecturer in System Dynamics at the MIT Sloan School of Management.
Kara Penn is Principal Consultant for Mission Spark.

December 2014
Princeton University Press
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Mastering Metrics

Joshua D. Angrist & Jorn-Steffen Pischke
The Path From Cause to Effect
Applied econometrics, known to aficionados as 'metrics, is the original data science. 'Metrics encompasses the statistical methods economists use to untangle cause and effect in human affairs. Through accessible discussion and with a dose of kung fu–themed humor, Mastering 'Metrics presents the essential tools of econometric research and demonstrates why econometrics is exciting and useful.

The five most valuable econometric methods, or what the authors call the Furious Five--random assignment, regression, instrumental variables, regression discontinuity designs, and differences in differences--are illustrated through well-crafted real-world examples (vetted for awesomeness by Kung Fu Panda's Jade Palace). Does health insurance make you healthier? Randomized experiments provide answers. Are expensive private colleges and selective public high schools better than more pedestrian institutions? Regression analysis and a regression discontinuity design reveal the surprising truth. When private banks teeter, and depositors take their money and run, should central banks step in to save them? Differences-in-differences analysis of a Depression-era banking crisis offers a response. Could arresting O. J. Simpson have saved his ex-wife's life? Instrumental variables methods instruct law enforcement authorities in how best to respond to domestic abuse.

Wielding econometric tools with skill and confidence, Mastering 'Metrics uses data and statistics to illuminate the path from cause to effect.

- Shows why econometrics is important
- Explains econometric research through humorous and accessible discussion
- Outlines empirical methods central to modern econometric practice
- Works through interesting and relevant real-world examples

Joshua D. Angrist is the Ford Professor of Economics at the Massachusetts Institute of Technology.
Jörn-Steffen Pischke is professor of economics at the London School of Economics and Political Science.
They are the authors of Mostly Harmless Econometrics (Princeton).