3FOOD

Third Industrial Revolution Consulting Group
to a digital infrastructure brings with it new business models and business practices that
converge products and services in an economy that is moving from conventional ownership in
markets to nontraditional access to services and networks. The Working Group emphasizes the
fact that the shift to a digital infrastructure will bring with it not only new business practices,
but also significant challenges including the country’s lack of qualified engineers and other
technical personnel.
With this in mind, the Industry Working Group has adopted a set of guiding principles that will
take the Grand Duchy of Luxembourg into an Internet of Things Third Industrial Revolution
economy. The guiding principles are the set of values that will guide Luxembourg Industry in all
circumstances, irrespective of changes in its goals, strategies, type of work, or governance. By
pursuing the path based on values and holding one another accountable to the sector’s
standards, the values become the fabric of the industrial culture. Those guiding principles are
also essential in order to encourage the right behavior while advancing the transition into the
Third Industrial Revolution. The values are derived from the history and culture of Luxembourg
and are linked to the size of the country and existing interactions with neighboring countries.
Multi-lingualism: Luxembourg’s strength is a versatility of spoken languages on a daily basis,
three of which (Luxembourgish, French, and German) are official national languages, with
English and Portuguese spoken by many people.
Open-mindedness: receptively and actively chasing new ideas, new concepts and new
industries; adopt an open approach towards the views and knowledge of others.
Collaboration: the process of working together to the same end (e.g. public-private
partnerships).
Drive and embrace change: change is the only constant. We must learn not to fear change, but
to embrace it and even encourage and drive it and have the courage to give up what cannot be
sustained. Companies come and go, and have to be resilient and embrace continuous
improvement.
Pursue growth and learning: reflect on the areas where you excel or have an interest and try to
learn more about those areas but also means to reflect on areas where you can further
improve.
Do more with less: eliminate/reduce “waste.” Lean principles – save on resources, time, money
and energy.
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