Cost-effective product development

Article Abstract:

An approach based on the attributes of a product for assessing product development and improvement decisions and the characterization of customer preferences for product attributes by conjoint analysis are discussed. This also involves the costing of product attributes and the projection of results over time by activity based costing and computer simulations, respectively. The utility of the methods for cost-effective product development was demonstrated.

Usage, Product development, Cost (Economics), Costs (Economics)

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Harnessing the power of your value chain

Article Abstract:

The concept of the value chain of a firm is expounded, with particular focus on the natural value chain. A coherent approach to defining the natural value chain is seen to lead to better performance for an enterprise. The natural value chain concept provides businesses of any size or type with a useful framework for implementing the principles of visioning, strategic alignment and business process reengineering.

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