3 Identify the external product development strategies descr

3. Identify the external product development strategies; describe each in a sentence or two.

4. What is a poka-yoke? Give an example.

5. What is the difference between natural and assignable causes of variation?

Solution

3.

i) Alliance: In this case, the organization is taking the advantage of the strength of other firms while working independently.

ii) Joint ventures: It is kind of combined ownership of the product and services in order to make a profitable business.

iii) Purchasing technology: It is the process of acquiring a firms who is good in a particular technology or process which is required by other firm to have a great impact on current market.

4.

Poka-yoke is a process of identifying a mistake in the production process and then minimize it using effective processes in an organization. The main objective is to minimize the product defects and produce quality output.

Example: If a product has defect in its outer look and is little varied than its planned one, then the molding department will correct it. The department will check its current process and specification so that it can be corrected and there will be no defect of same nature in future products.

Note: Please be specific to the question that need to be answered.