Module-7 - Lesson Slides
Module-7 - Lesson Slides
Management
BUS 5101
1
Lesson-8: Designing Goods & Services
Lesson Outline:
• Assignment-3 open
Product design
• Product design is a word used to explain on how to create
a new product to be sold by a business to its customers.
1. Analysis
2. Concept
3. Synthesis
Product Analysis
1. Research
2. Product development
3. Process modification and enhancement
4. Supplier development
Product Life Cycles
Growth Phase:
• Nokia is an example
• Snap and give photos – Kodak
Teamwork – Breakout Room (15 minutes)
1. Why do many new products and designs fail after entering the
marketing promisingly to make a difference to peoples lives
and way of living even if there is a good idea behind them?
21
Sustainability
1. Meeting the needs of the present without
compromising the ability of future generations
to meet their needs.
22
Triple Bottom Line
• Consider the systems necessary to
support the three:
1. People
2. Planet
3. Profit
Triple Bottom Line
1. Decisions affect people
2. Outsourcing complicate the task of saving people and planet
3. Supplier selection and performance criteria are important
4. Materials must be safe and environmentally responsible
24
Design and Production for
Sustainability
25
Conclusion
We covered: