PRODUCT-PROCESS MATRIX The product-process matrix is a tool for analyzing the relationship between the product life cycle and the technological life cycle. It was introduced by Robert H. Hayes and Steven C. Wheelwright in two classic management articles published in Harvard Business Review in 1979‚ entitled "Link Manufacturing Process and Product Life Cycles" and "The Dynamics of Process-Product Life Cycles." The authors used this matrix to examine market-manufacturing congruence issues and to facilitate
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Link manufacturing process and product life cycles Focusing on the process gives a new dimension to strategy Robert H. Hayes and Steven C. Wheelwright Although the product life cycle concept may have value for managers‚ its emphasis on marketing can make it inadequate for strategic planners. These authors point out that using a process life cycle can help a company choose among its various manufacturing and marketing options. Using the concept of a "product-process matrix‚" they show how a
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1. What are the challenges faced by Cisco in introducing a major product like Viking? 1-1 Time to market pressure There is only one year for Cisco to launch the Viking product to market with low cost. Otherwise‚ the market share might loss. However‚ it is about 3 to 5 years for Cisco to launch a high-end product. To meet such tighten schedule‚ it’s imperative for Cisco team to perform a very collaborative operation and concurrent engineering in whole supply chain and NPI phase 1-2 Cost pressure
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Product Life Cycle Every product has a limited life. Product life cycle describes the profit and sales earned by a product over its whole life. There are fives stages: product development‚ introduction‚ growth‚ maturity and decline. iPhone is a new technology advance and it has already gained a favorable result in the market. Therefore‚ it should be in the growth stage now. On April 2003 our CEO believes that cell phones were going to become important appliances for portable information access
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The food company new product development _____________________________________________________________________________________________ 1. From my point of view‚ I tend to agree with Gerry’s approach to evaluating the output of the new product group. He did the right thing with them‚ he gave them the budget as they need so I thing the problem was in the group itself. The new product development as it seems is very important for the company so Gerry has to put great creative people at the top
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All products and services have certain life cycles. The life cycle refers to the period from the product’s first launch into the market until its final withdrawal and it is split up in stages. A new product progresses through a sequence of stages from introduction to growth‚ maturity‚ saturation & decline. This sequence is known as Product Life Cycle (PLC). The product life cycle is generally termed as product market life cycle‚ because it is related to a particular market. The product life cycle
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brand name to introduce a new product” (Keller‚ 2008‚ pg 491). Paragraph 2 350 words Pg. 514 How relevant the extension evidence is about the attribute or benefit for the parent brand- Relevance- Any brand extension needs to enhance its parent brand. If there is no connection‚ or ‘relevance’ it potentially won’t provide feedback benefits to the parent brand. * Völckner and Sattler (2006) found that fit between the parent brand and an extension product is the most important driver of
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With Product Uncertainties Introduction • Why Should We Align Supply Chain Strategy? • Supply Chain Strategies in the Information Era • Setting Up a Right Supply Chain Strategy to Match Product Uncertainty • Categorized products into two: Functional Product and Innovative Product. Two Types Of Risk • Demand Uncertainty • Based on Product attributes: Functional and Innovative. • Supply Uncertainty. • Based on Supply Processes: Stable and Evolving. Demand Uncertainty • Functional Products • •
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Product Life Cycle Stages As consumers‚ we buy millions of products every year. And just like us‚ these products have a life cycle. Older‚ long-established products eventually become less popular‚ while in contrast‚ the demand for new‚ more modern goods usually increases quite rapidly after they are launched. Because most companies understand the different product life cycle stages‚ and that the products they sell all have a limited lifespan‚ the majority of them will invest heavily in new product
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soff’s ansoff product-market matrix The Ansoff product-market matrix helps to understand and assess marketing or business development strategy. Any business‚ or part of a business can choose which strategy to employ‚ or which mix of strategic options to use. This is one simple way of looking at strategic development options: [pic] Each of these strategic options holds different opportunities and downsides for different organizations‚ so what is right for one business won’t necessarily
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