EBK PRINCIPLES OF OPERATIONS MANAGEMENT
EBK PRINCIPLES OF OPERATIONS MANAGEMENT
10th Edition
ISBN: 8220102744059
Author: HEIZER
Publisher: PEARSON
Question
Book Icon
Chapter 2, Problem 9DQ
Summary Introduction

To determine: Change of an operations management strategy during a product’s life cycle.

Introduction:

Operations management strategy:

The strategy of operations management explains the method and techniques utilized to achieve the overall objective. The strategy will change according to the market circumstances and the situations of the firm.

Product life cycle:

The product life cycle explains the different phases of a product beginning from the product idea and until finally it is removed from the market. There are some products which do not go through all the stages. The four stages of a product life cycle are:

  • Introduction
  • Growth
  • Maturity
  • Decline

Blurred answer
Students have asked these similar questions
What is the issue with standardized versus adapted products?
Think the PDCA Cycle is useful? How flexible is its use?
The example of Product Differentiation in Food and Beverages Industry. Why?
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Text book image
Operations Management
Operations Management
ISBN:9781259667473
Author:William J Stevenson
Publisher:McGraw-Hill Education
Text book image
Operations and Supply Chain Management (Mcgraw-hi...
Operations Management
ISBN:9781259666100
Author:F. Robert Jacobs, Richard B Chase
Publisher:McGraw-Hill Education
Text book image
Business in Action
Operations Management
ISBN:9780135198100
Author:BOVEE
Publisher:PEARSON CO
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Production and Operations Analysis, Seventh Editi...
Operations Management
ISBN:9781478623069
Author:Steven Nahmias, Tava Lennon Olsen
Publisher:Waveland Press, Inc.