December 2021
Beginner
416 pages
11h 10m
English
book
Operations Management For Dummies, 2nd Edition
by Mary Ann Anderson, Edward J. Anderson, Geoffrey Parker
Content preview from Operations Management For Dummies, 2nd Edition
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Chapter 17
Scaling throughout the Product Life Cycle
IN THIS CHAPTER
Implementing strategies for new products and those in the growth stage
Meeting the challenges of maturing and dying products
Preventing the decline of a product
Heeding special considerations for new businesses
Products and services, like living organisms, have a natural life cycle. Products are conceived and nurtured, they mature, and eventually, they decline and fade away. Each phase of the cycle requires a different operating strategy.
In this chapter, we take you on a journey through a product’s life and describe how each life stage influences operating requirements. We start by introducing the common life stages that products typically evolve through and describe how best to manage each stage. We look at ways to prolong product life, and we also describe the special operating considerations of new companies.
Managing Operations Age-Appropriately
A product goes through four distinct stages as it evolves. These stages (illustrated in Figure 17-1) are quite similar to those of the human life cycle. For instance, ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.