Whether the technology will be innovative or used to streamline the work process managers have to look at the overall picture and the effect on each department. For example, when a company implemented a new technology that allowed their entire workforce access to the com... ... middle of paper ... ...the new technology for the change to be acceptable for the organization. Changes in organization have to be constant in order for the company to remain competitive in the market. Managers have to be instrumental in the transition for change for the successful implementation. The recommendations that managers make ensure the success of the new technology.
Change and innovation has become one of the basic concepts in the modern organizations. An organization’s competitiveness is determined by its desire to embrace innovation or introduction of new and/or modified products in the market. Managers of the top performing organizations manage them in such a way that they are able to derive maximum gain from its human and technical resources though prompt and effective responses to the business challenges identified. Maximum utilization of the human resources implies that the company must be able to exploit the skills as well as the imagination of the personnel in order to promote innovativeness from all dimensions of the organization. Through this process, an organization will be in a place itself in a position that effectively promotes continued innovation of new products and services for the market.
It is a matter of assessing manufacturability, reliability, and supportability of the product after it has been designed and making appropriate changes to the design to enhance these competitive factors. This approach extends the design cycle time, increases product development cost, and may not result in the most optimum way to produce the product. Instead, these factors must be considered from the very start of product development and designed into the product. 3.2.1 Organization and
This enables an organization to assess its strategies and formulate new ones hence meet the customers’ demands. Since employees implement strategies, they have to be informed of the strategic missions of an organization. Strategic plans by an organization are always aimed at gaining competitive advantage, as such; human resource practices should be aimed at focusing the employees’ attention to the organization’s major strategies (JobsD.com, 2011). Human Resource as a Competitive Advantage for Organizations From the recent research, it is evident that the human resources are very essential for the competitiveness of organizations. An organization can define its strategic human resource roadmap by availing framework in which to plot a course to its future.
What are the factors involved in marketing a new product? Executive Summary There are many factors involved in Marketing a new product in a particular market in the UK. However, there are essential basic marketing steps and strategies ‘Goldsport’ can take to make their product successful and this will require a good understanding of each one. This will enable the company to analyse and asses each factors and Identify the benefits and drawbacks that can later have an impact on the process and progress of the new product (The SmartTrainer). The aim of this report is to therefore assess the following elements of marketing by explaining how each one will be incorporated into marketing the SmartTrainer.
Understanding the needed supply chain capabilities before one sets out to operate in a global market place is a good idea, before trying to find and fill the holes in the dike are needed. Implementing a strategic plan that can be rapidly duplicated throughout the organization, strengthen supplier relationships, set quality expectations for suppliers by using a supplier performance score card to measure compliance. Optimize logistics and manufacturing capabilities, synchronize business units using information technology, and in order to drive organizational efficiencies create a culture of action. Set goals for a sourcing strategy. This means internal, or possibly external, personnel who can build new capabilities seamlessly.
The manufacturing process chosen may have a significant effect of product cost, schedule, quality and reliability. Specifications are a necessity because they are intended to answer any potential questions on the maintenance and production of the
The competition in today’s market is challenging when developing a new product. Therefore, understanding the importance of product naming and branding should be included in the strategy of all new product development projects. In addition, to developing a great product name protecting the product is also important. Therefore, organizations need to consider the amount of time, research, and costs associated with the development of the product as they decide on intellectual property protection. The Importance of Product Name A product’s name and brand is very important to the success of a new product as it affects the perception of the product.
Strategic objectives are long term goals of the organization. It helps the organization to convert its broad vision in some specific goals and plans in order to meet organizational success. Analysis of target market must be defined first before identifying competition accurately. After developing some competitive advantage, it will be daily challenged. To beat the competitors and meet the strategic objectives of the company, it is most important to identifying the new areas where there is an opportunity to flourish.
The upper management recently realized that CrysTel has the need to bring more products and services into its portfolio. That means that everybody who works for the company needs to be good at analyzing the best way to change, implementing a change, and sustaining the change. It also means that CrysTel employees need to change with the organization. In order for all of the employees to be good at the constant change that will be happening and be as dynamic as they need to be, they have to have good and dynamic leaders and managers to aid in the effort. Without the support from above, the employees will probably lose focus and the desire to see the company succeed (Miller et al, 2004).