This strategy is used by proposing a model new product with a new market”, said Yulendra. James Gilmore and Joseph Pine discovered competitive benefit in mass customization. Flexible manufacturing methods allowed companies to individualize products for each customer with out dropping economies of scale. They also realized that if a service is mass-customized by creating a “performance” for every individual shopper, that service could be remodeled into an “expertise”.
The course of requires a commitment to strategic planning, a subset of business management that entails an organization’s capacity to set both short- and long-term goals. Strategic planning also contains the planning of strategic selections, activities and useful resource allocation needed to achieve those objectives. The strategic administration mannequin deals … Read the restRead More