What does product rationalization mean? It is the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.
Often, product rationalization is done behind closed doors within companies or even in the boardroom.
What happens if you don’t have product management? In the absence of product management, engineering steps into that role and determines whether or not a product can be created, not whether it should be created.
If you wanted to start a company that offered highly-configurable products, the worst business paradigm you could select would be engineer-to-order (ETO).
The Boeing 737 MAX debacle has valuable lessons for your business. There’s little doubt that both Boeing and the Federal Aviation Administration (FAA) took a major hit on their brand integrity with the 737 MAX. A brand is a representation of quality. While the FAA used to be the gold Read more…
There is conventional thinking for durable competitive advantage during normal economic conditions, but I’ve added 2 action steps for durable competitive advantage during economic crisis, like this Covid-19 economic crisis.
Recurring Operating Challenges That Affect Customer Satisfaction and Profits
What’s more important strategy or execution? I argue they are both equally important. Here’s what we know anecdotally: Too many companies have poor execution of their strategy. We seldom hear about companies with great execution and a poor strategy. Many top executives see their role as setting strategy. Yet, they Read more…