In: Operations Management
Select any four design considerations other than legal, ethical, environmental and human considerations and explain in detail how they are applicable in designing new products and services.
What are the various strategies available for capacity building for organizations? Explain in detail in your words each of the strategies by providing an example of how and when an organization may use those strategies.
The four important considerations for developing the products and services are:
1. Economic: The first important consideration is the Economical consideration for developing the product and services. You have to keep the knowledge regarding what is happening in the market, the economic forces and the customer base to product your product effectively.
2. Technological: Another important consideration is the technological factors. You have to understand various technological trends, the technology upgradation and the use of resources to make sure the product is developed as the latest design.
3. Social: One also has to make sure of understanding how the social factors are taking place to influence the strategical decision and making of your product and services. The social and cultural aspects of the people, their beliefs and everything has to be kept in mind.
4. Political: At last, the political considerations like the government regulations, subsidaries, designs and other policies are working and impacting your product in which way is also an important factor to consider for designing your product.
The strategic which are available to build the capacity for the organisations are the Empowerment decisions, Making the Implicit knowledge Explicit, Varying Knowledge levels and Competencsies, Local Ownership and also how effectively are you creating a value chain in your organisation for the capacity development.
The empowement decisions would make sure the employees are able to grow and utilise their positions to understand and increase their learning capacity for the upliftment process.
Making the implicit knowledge explicit would make sure that you are able to communicate and make employees understand every dimension and consideration of knowledge to spread.
At last, the increased competencies and the value chain would ensure that value is delivered and capacity is well utilised to make sure the right employee is able to generate the right returns for growth.