What executives with configurable products & services want for their businesses, employees, and customers.
-Increased market share
-Delighted customers
-Improved quality
-Improved operating margins
-Differentiation/Competitive advantage
-Lean the business–eliminate waste
-Happy employees
What does product rationalization mean? It is the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.
Often, product rationalization is done behind closed doors within companies or even in the boardroom.
What happens if you don’t have product management? In the absence of product management, engineering steps into that role and determines whether or not a product can be created, not whether it should be created.
Recurring Operating Challenges That Affect Customer Satisfaction and Profits
Getting configurable customer orders right: “We are having problems getting the right parts delivered to support installation of the customers’ orders.”
Why do you need to be forthcoming with your boss and your banker? Ensuring project success. If you are running a project ( IT or otherwise) within your company, you need to ensure there are no surprises for your leadership when obstacles or delays appear. Issues or problems are inevitable Read more…
Brand integrity. We are born with 100% integrity and, through the course of our lives, we either preserve or degrade from that 100%. The same can be said for companies. A brand is a representation of quality. A brand embodies a company’s reputation. That reputation is impacted by all the Read more…
YouTube TV made an unforced error this past week: it added additional channels for current subscribers raising the price for everyone $10 a month. The new service isn’t an option; it’s required. The new channels are: Discovery Channel, HGTV, Food Network, TLC, Investigation Discovery, Animal Planet, Travel Channel, and MotorTrend. Read more…
From Boeing comes this announcement regarding the Ethiopian air tragedy: Boeing continues to support the investigation… Safety is our highest priority as we design, maintain and support our airplanes. As part of our standard practice following any accident, we examine our aircraft design and operation, and when appropriate, institute product Read more…
In the 20th century, the U.S. auto industry led the automotive manufacturing world by perfecting mass production. In the 21st century, the U.S. auto industry needs to lead the automotive manufacturing world by adopting mass customization. Mass production is about pushing products through the dealer/retail channel and deeply discounting what Read more…