Introduction Developing and designing great products are keys to success in business. Anything less than an excellent product strategy can be destructive to a firm. Top companies’ focus on few products and concentrate on maintaining a high level of quality for those products to maximize the potential for success. For instance Honda’s focus is engines. Virtually all of Honda’s sales e.g. autos‚ motorcycles‚ generators‚ lawn mowers‚ are based on its excellent engine technology. Likewise
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Statement: High school students should be allowed to use smart phones as educational tools in classroom settings. Smartphones if used properly can be effective academic tools for high school students. Smartphones can be helpful for students as an educational resource in class. If used responsibly they can be a beneficial aid to student learning. Allowing students to use smartphones in schools can support the students academically and may help schools financially. Teachers should trust students
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Understanding Life Cycle Cost How your Northern saves you money ® Reference: Hydraulic Institute (www.pumps.org) What is Life Cycle Cost? • The life cycle cost (LCC) of any piece of equipment is the total “lifetime cost to purchase‚ install‚ operate‚ maintain‚ and dispose of that equipment. • The components of a life cycle cost analysis typically include initial cost‚ installation and commissioning costs‚ energy costs‚ operation costs‚ maintenance and repair costs‚ down time costs‚ environmental
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Q1. Samsung Electronics strategy has successfully achieved both low-cost advantages and differentiated products. Samsung is able to achieve and maintain its low cost position due to various factors. Samsung has always emphasized on process and production efficiency. The company places all its fab lines and R&D facility at a single site‚ so that engineers from various departments can come together to resolve any process or design issues as soon as possible. Benefiting from the collocation‚ Samsung
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Bus 306-01 March 11‚ 2014 Professor Davis Chapter 9 Case Study Google: New-Product Innovation at the Speed of Light 1. The new product development process at Google is free flowing‚ fast-tracked‚ and without boundaries. Google encourages their employees to “think outside the box” and come up with new ideas‚ no matter how crazy they may seem. Once an idea is proposed‚ they sent it to testing right away. They try to put a product into use no more than 6 months after development has started; they are not
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Review questions – Lecture 2 1. _______________ transform product specifications and new process technology into a new or revised production system. A. New process design and development projects B. New product design and development projects C. Concurrent engineering projects D. Operations management projects A 2. High-quality innovators typically gain which advantages? A. They can fund more new design and development projects than other firms. B. They satisfy customers more effectively
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A new product progresses through a sequence of stages from introduction to growth‚ maturity‚ and decline. This sequence is known as the product life cycle and is associated with changes in the marketing situation‚ thus impacting the marketing strategy and the marketing mix. The product revenue and profits can be plotted as a function of the life-cycle stages as shown in the graph below: Product Life Cycle Diagram Introduction Stage In the introduction stage‚ the
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Marketing group case presentations Group assignment: Each group has to present the case in front of the class with some main tasks as follows: + Summarise the case + Answer questions given for each case + Use powerpoint slides to presents ideas and answers Case for each chapter: No. Case Assigned Group 1 Chapter 2: The Olympics: Branding on a global stage (p. 65) G1 2 Chapter 3 - Xerox: adapting to the turbulent marketing environment (p. 93) G2 3 Chapter 5 - Apple: the keeper
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Smartphone Definition: A Smartphone is a mobile phone that offers more advanced computing ability and connectivity than a contemporary basic feature phone. Smartphone’s and feature phones may be thought of as handheld computers integrated with a mobile telephone‚ but while most feature phones are able to run applications based on platforms such as Java ME‚a Smartphone usually allows the user to install and run more advanced applications. Smartphone run complete operating system software providing
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Matrix is based on the product life cycle theory that can be used to determine what priorities should be given in the product portfolio of a business unit. It has two dimensions: the market share and the market growth. To ensure long-term value creation‚ a company should have a portfolio products that contains both high-growth products in need of cash inputs and low-growth products that generate lot of cash. The basic idea behind it is that the bigger the market share a product has or the faster the
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