Consider the pizza box. Not a specific pizza box, because they all pretty much look the same, but all the pizza boxes you might have encountered anytime in the last half century or so. They’re probably some combination of red, white and green, and maybe feature an Italian-looking chef with a swirly mustache. They’re bulky, and you struggle to fit them in your fridge when there are leftovers, or even in your trash can when they’re empty. The pizza box has been this way for decades, even as cars have gone electric and phones have become pocket-size. Innovation in the pizza-box space has consisted of the addition of those miniature plastic platforms that keep the top of the box from sticking to the cheese below. And so what might seem like a small step — Pizza Hut is trying out a high-tech new design that’s round instead of square — feels like a giant leap for pizza-kind. The pie chain’s claims about the new box are many, writes The Washington Post (Aug. 22, 2019) Some of its shiny new features are meant to improve its function and use: The round shape means there’s less waste (i.e., it’s better for the environment), and it’s made of sustainably harvested plant fiber. It’s industrially compostable. Less material also means it takes up less space on the shelves of Pizza Hut locations — and in your fridge. They don’t require time-consuming assembling by employees, and they break down easily — you can fold them over multiple times until you have something compact enough to drop into your trash can. Discussion questions: Define product design and explain its relationship to business strategy.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Consider the pizza box. Not a specific pizza box, because they all pretty much look the same, but all the pizza boxes you might have encountered anytime in the last half century or so. They’re probably some combination of red, white and green, and maybe feature an Italian-looking chef with a swirly mustache. They’re bulky, and you struggle to fit them in your fridge when there are leftovers, or even in your trash can when they’re empty.
The pizza box has been this way for decades, even as cars have gone electric and phones have become pocket-size. Innovation in the pizza-box space has consisted of the addition of those miniature plastic platforms that keep the top of the box from sticking to the cheese below. And so what might seem like a small step — Pizza Hut is trying out a high-tech new design that’s round instead of square — feels like a giant leap for pizza-kind.
The pie chain’s claims about the new box are many, writes The Washington Post (Aug. 22, 2019) Some of its shiny new features are meant to improve its function and use: The round shape means there’s less waste (i.e., it’s better for the environment), and it’s made of sustainably harvested plant fiber. It’s industrially compostable. Less material also means it takes up less space on the shelves of Pizza Hut locations — and in your fridge. They don’t require time-consuming assembling by employees, and they break down easily — you can fold them over multiple times until you have something compact enough to drop into your trash can.
Discussion questions:
- Define product design and explain its relationship to business strategy.
- What are the advantages and disadvantages of the new box?
- Which other product(s) can you think of that are in need of a packaging innovation?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
