Term
| What are the steps a company can use to increase its efficiency? |
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Definition
| Exploiting economies of scale and learning effects, adopting flexible manufacturing technologies, reducing customer defection rates, implementing just in time systems, getting the R&D function to design products that re easy to manufacture....etc |
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Term
| What can help a company lower its costs, differentiate its product and charge a premium price? |
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Definition
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Term
| What demands an organizationwide commitment to quality and a clear focus on the customer? |
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Definition
| Achieving Superior Quality |
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Term
| What is high because of factors such as uncertainty, poor commercialization, poor positioning strategy, slow cycle time and technological shortsightedness? |
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Definition
| Failure Rate of New Product Introductions |
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Term
| A company must build skills in basic and applied research, design good processes for managing development projects, and achieve close integration between companies to do what? |
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Definition
| Achieve Superior Innovation |
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Term
| How can a company achieve close integration between the different functions of the company? |
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Definition
| Adoption of cross functional product development teams and partly parallel development processes. |
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Term
| What requires that a company achieve superior efficiency, quality and innovation? |
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Definition
| Achieve superior customer responsiveness |
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