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Features of the Competitive Landscape
"Companies and entire industries are making a paradigm shift."
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The Emerging System of Mass Customization
"Ever-smaller niches to fill with ever-more variety can be sought."
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Technological Innovation and Mass Customization
"In this new system processes are more important than products."
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Achieving Mass Plus Customization
"In Mass Customization, low costs are achieved primarily through economies of scope."
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The Indicator of Change: Market Turbulence
"Market turbulence could be defined as the number and magnitude of market events requiring a company's attention per unit of time."
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The Movement Toward Market Turbulence
"Mass Customization increased the levels of market turbulence and set in motion the self-reinforcing feedback loop of more variety, higher levels of customization, and greater turbulence."
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The New Competition
"Three forms of competition share fairly common goals within each function of the value chain."
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The New Competition: The Production Function
"Focusing on the efficiency of the total process limits costs incurred outside of operational activities."
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The New Competition: The Research and Development Function
"New Competition's focus engenders the integration of innovation and production."
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The New Competition: The Marketing Function
"The focus of the marketing function is not on selling what the New Competition has, but on fulfilling customer wants and needs."
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The New Competition: The Finance/Accounting Function
"Top management demands that the finance/accounting function present them with useful information."
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Developing a Strategy for Mass Customization
"Each organization is different from the others; each has started from a different point, is moving at a different pace, and is using different techniques to make the shift to Mass Customization."
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Four Steps to Sustained Success in Organizational Change
"The firm must incorporate Mass Customization into its strategy. This strategy should connect where the firm currently stands and its desire to change with where it wants to go."
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Customize Services Around Standardized Products and Services
"Information itself is one of the most easily customized of standard products."
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Create Customizable Products and Services
"'Customizable' really equates to the concept of 'self-service.'"
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Provide Point-of-Delivery Customization
"Perform the final, customizing production step right there, right then."
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Provide Quick Response Throughout the Value Chain
"Time-based strategy does not stand alone."
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Modularize Components to Customize End Products and Services
"It allows product development to produce new designs and proliferate even greater variety much more quickly."
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Organizational Forms Suited to Mass Customization
"All functions reach out to customers, with different levels of interaction with each customer and with each other depending on the needs of the particular market opportunity."
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Mass Customization through Dynamic Stability
"Dynamic stability provides the structural means by which businesses can shift from Mass Production to enter and expand the new frontier of Mass Customization."
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Focus on Individual Customers
"It should be drilled into everyone throughout the entire organization that the primary stakeholder of the firm is the customer."
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Service Intermediate and Internal Customers
"There are really three distinct kinds of customers that need to be taken into account."
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Redesign Processes for Personalization and Time Acceleration
"Redesigning processes can break down the vertical compartments and organizational barriers."
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Remove Boundaries and Integrate the Value Chain
"Every boundary provides an opportunity for miscommunication, turf battles, parochial conduct, and all manners of quality defects at the expense of satisfying the wants and needs of the final customer."
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Disaggregate the Value Chain
"The company and its value chain have moved beyond the dynamic extended enterprise and been transformed into a flexible specialization community."
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The Future of Business Competition
"The logical, although by no means certain, progression of business competition will be shortening process life cycles."
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Biography: B. Joseph Pine II co-founded Strategic Horizons LLP to explore the frontiers of business and help executives see the world differently. He is coauthor of The Experience Economy (HBS Press).
Key Phrases in this title:
mass customization, value chain, new competition, products services, business competition, market turbulence, marketing function, accounting function, dynamic stability, new frontier, wants needs, finance accounting, finance accounting function, shift mass, competitive landscape, plus customization, production function, development function, organizational change, point-of-delivery customization, individual customers, internal customers, time acceleration, frontier business, new frontier business, frontier business competition, Joseph Pine, Edward Roberts, Stan Davis Books at MeansBusiness by: Joseph Pine
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