Front | Back |
Competitive advantage
|
Denotes a firms ability to achieve market and financial superiority over its competitors. -Understand customer wants and needs -Build and leverage operation capabilities to support desired competitive priorities
|
Noriaki Nano's 3 classes of customer requirements:
|
1. Dissatisfieres2. Satisfiers3. Exciters/delighters
|
Dissatisfieres
|
Requirements that are expected in a good or service
|
Satisfiers
|
Requirements that customers say they want
|
Exciters/delighters
|
New or innovative goods or service features that customers do not expect
|
Order qualifiers
|
Basic customer expectations - dissatisfiers and satisfiers - are generally considered the minimum performance level required to stay in business.
|
Order winners
|
Goods and service features and performance characteristics that differentiate the customer benefit package from another, and win the customer's business
|
3 types of attributes in evaluating quality of goods and services
|
1. Search2. Experience3. Credence
|
Search attributes
|
Those that a customer can determine prior to purchasing the good and/or services
|
Experience attributes
|
Those the can be discerned only after purchase or during consumption or use
|
Credence attibutes
|
Any aspects of a good or service that the customer must believe in, but cannot personally evaluate even after purchase and consumption
|
Competitive priorities
|
Represent the strategic emphasis that a firm places on certain performance measures and operation capabilities within a value chain
|
5 key competitive priorities
|
1. Cost2. Quality3. Time4. Flexibility5. Innovation
|
GE discovered that ____% of its manufacturing costs are determined by design
|
75
|
Mass customization
|
Being able to make whatever goods and services customers wants, at any volume, at any time for anybody, and for a global organization, from any place in the world.
|