Rapid innovation - customers needs for a product, Operation Management

Rapid innovation - Customers Needs for a Product

The readiness with which the operations system can generate new products and services, and get them to market quickly. A study conducted by McKinsey & Co found that, typically, if a new product reaches the market six months behind schedule it will have lost 36 per cent of its life cycle profit potential, whereas if its development costs overrun by 50 per cent but reaches the market on time the total profits are only reduced by 3.5 per cent. Personal computers and their components, such as hard disk drives, are particularly demanding in this regard because the rate of change of the technologies is so great.

Posted Date: 3/18/2013 2:03:57 AM | Location : United States

Related Discussions:- Rapid innovation - customers needs for a product, Assignment Help, Ask Question on Rapid innovation - customers needs for a product, Get Answer, Expert's Help, Rapid innovation - customers needs for a product Discussions

Write discussion on Rapid innovation - customers needs for a product
Your posts are moderated
Related Questions
wild west inc is a telephone company

Assess the strategy of Wal-Mart in China where the company has recognized unions in all 62 stores, to its strategy in the U.S., which is to combat any type of union representation.

What are some advantages of a pay-for-knowledge pay system?

define the following key terms in product layout; product interval time, product duration, assembly line balancing

Explain "transfer of training" Share your examples of how/when this has happened? Question: suggest a name for online groccery store which has online delivery in 30mins?

What are some managerial styles you would employ in managing an emloyee who is considered baby boomer List and explain hofstedes five dimensions of value differences among natio

Use this for questions 7 and 8: Your Company terminated an employee for stealing a ladder. The employee filed a grievance with the union. The union argues that the employee had ver

1. Using a cause and effect diagram (Fish-bone chart), Scatter Diagram, flowchart or Statistical Process control chart, analyze the data and present conclusions. 2. How could th

What are the consequences of ignoring a conflict within a project team?