How has the worldwide demand for quality driven the concept of innovation? How has innovation changed your life?
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How has the worldwide demand for quality driven the concept of innovation? How has innovation changed your life?
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- Explain why process reengineering and process improvement is curial for strategies for change?Explain the difference between product innovations and process innovations. Provide TWO examples of firms that have recently introduced each type of innovation within their firm. What are the types of innovations related to the strategies of each firm? EXPLAIN IN DETAIL.Gray Electric is a company with a long tradition of innovation. In 1973, they invented the world's first cellular phone and spent many years trying to understand how this new technology would impact their existing business. Gray Electric was in a position to become the first company in the world to develop and market a cell phone, but the upper management of Gray Electric had become complacent with making corded phones and could not imagine a world without landline phones. Because they had been the industry leader for decades and had faced very little competition along the way, the culture of Gray Electric had become rule-oriented and placed a high value on stability. Upper management decided that producing cell phones would only hurt their landline phone sales and quickly abandoned their cell phone endeavour. In 1987, they realized what a bad mistake they had made. Sales of their landline phones were decreasing drastically every year, and Gray Electric was losing money and cutting…
- How important is quality to the company, given its current growth situation?Identify key issues/concerns that need to be addressed before and while initiating a benchmarking study in your organization (within 300 words)1. based on the attached article McKinsey’s analysis has found companies that invest in innovation during a crisis outperform the competition on market capitalization by 10 percent; investing in innovation after a crisis gives them a 30 percent advantage. Considering this statement, and using relevant frameworks, examine the role of operations managers in product development and provide recommendations for strategies that can be implemented to enhance innovation in the consumer goods industry. 2. Shigeo Shingo and Taiichi Ohno are credited as the quality gurus behind the Toyota Production System (TPS) a widely recognised production system. Examine the relevance of the JIT approach in product development within the consumer goods sector. Make use of relevant examples.
- How does a focus on quality in products, services, or processes contribute to an organization's ability to realize its competitive potential in today's global business environment?What strategies can organizations use to effectively test and validate new product or service concepts?Look at all the important technology design factors that are crucial for the future success of your process.
- Part One: Indicate whether the following sentences are true or false: Process innovation became important with the advanced movement of quality improvement. What is needed today is a radical process innovation.Enter K for Kaizen, D for Deming, I for Ishikawa, or B for Brue, a. Who is given credit for helping the Japanese turn a “junk producing” manufacturing process into a world standard for product and process quality? ____ b. Who developed the “cause-and-effect diagram” for identifying and solving quality problems, sometimes called the “fishbone diagram”? ____Explain the term ‘reverse innovation’?