When a company focuses on their processes, they improve quality, lower the costs, and provide more value and convenience for customers.
This is what sets one company apart from their competitors.
What are the 5 operations performance objectives
(2007) describe five basic operations performance objectives which allow the organisation to measure its operations performance.
The performance objectives are quality, speed, dependability, flexibility and cost.
What is product-focused organization
A product-focused organization is one that has a clear roadmap driven by a shared organizational vision.
This leads to building and delivering user-centric products and services that align market demand and users needs with the overall business goals of the company.
What is customer focused product development
Customer-focused product management also calls for intimate collaboration between sales, service, and product development teams.
Products are not developed in one part of the company and then sold by another.
The insights gained by sales personnel are extremely valuable to people working to develop the products.
Is Nike focused differentiation
Differentiation As the main business strategy of Nike, differentiation has focused on developing unique products for the customers.
What are Michael Porter’s generic strategies
What are Porter’s Generic Strategies? Porter’s Generic Strategies is a group of four categories of competitive strategy: Differentiation, Cost Leadership, Focus (Cost), Focus (Differentiation).
How do you create a product focused organization?
- Create a strong, clear and flexible road map
- Conduct user research and product discovery
- Test, measure and understand
- Communicate regularly and transparently
What is product oriented and process oriented
The process-oriented approach evaluates how a skill is performed, whereas the product-oriented approach evaluates the outcome of the skill performance (Payne & Issacs, 2017).
What are the 4 types of market segmentation
Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of market segmentation, but there are also many other strategies you can use, including numerous variations on the four main types.
What is process analysis and design
Process analysis provides an opportunity to produce a detailed and accurate picture of an existing process, highlighting the issues and problems.
Process redesign allows for a new, improved process to be built.
What are the four V in operations management
All operations processes have one thing in common, they all take their ‘inputs’ like, raw materials, knowledge, capital, equipment and time and transform them into outputs (goods and services).
They do this in different ways, and the main four are known as the Four V’s, Volume, Variety, Variation and Visibility.
What are the 3 types of processes?
- Core
- Support
- Management
What is the difference between product and process layout
A process layout is where similar items are grouped together. Process layouts are ideal for companies that perform custom work and where the demand for each product is low.
A product layout is where the equipment, tools, and machines are located according to how a product is made.
What is process structure
Structure 2One process structure, which is the component and connector structure reflecting the concurrency and synchronization of processes in a system that would contain an OS.
How does a product layout is organized
Product-oriented layouts are organized around products or families of similar high-volume, low-variety products. Repetitive production and continuous production, which are discussed in Chapter 7, use product layouts.
The assumptions are that: Volume is adequate for high equipment utilization.
What is product process Matrix
The product process matrix merges the product lifecycle, which encompasses all aspects of the product development process—from ideation to a product’s growth or decline— with the process lifecycle, the progression towards a more cost-effective and productive standardized structure.
How do you create a product organization?
- Break teams into squads or pods with individual responsibilities
- Create cross-functional collaboration
- Build customer-first processes
- Foster strong relationships between product, engineering, and marketing teams
What is VRIO business
What is the VRIO framework, and how does it uncover “sustainable competitive advantage”? VRIO is an acronym for a four-question framework focusing on value, rarity, imitability, and organization, the criteria used to evaluate an organization’s resources and capabilities.
What are the steps in product management?
- Identify customer needs and manage product ideas
- Develop your problem-solving vision
- Implement a theme-based roadmap
- Prioritize product features according to impact
- Deliver and prep for data analysis
What is the 4v analysis
The 4v analysis looks at volume, variation in demand, visibility and variety. All these factors are of importance in the operations of a company.
Volume is the amount of products, which are required to satisfy customer demand.
What is product process flow
What is a Product Development Process Flow Chart? A flow chart for product development is a visual depiction of the individual, granular work steps or activities that are carried out during the NPD process.
How do you create a product matrix?
- Figure Out Which Product to Develop Next
- Identify Over- and Underrepresented Product Categories
- Determine If Products Compliment or Compete With Each Other
- Help Explain Product Differentiation
- Product Category
- Product Type
- Product Features
- Product Design
Citations
https://www.cmgconsulting.com/post/market-segmentation-strategy
https://www.oreilly.com/library/view/operations-management-sustainability/9780134422404/xhtml/fileP7000499033000000000000000006FA7.xhtml
https://generalassemb.ly/education/how-to-build-a-product-focused-organization/san-francisco
https://getlucidity.com/strategy-resources/introduction-to-porters-generic-strategies/
https://www.slideshare.net/nabeelshahid84/processrepitativeproductmass-strategy
