Presentation is loading. Please wait.

Presentation is loading. Please wait.

MEDICAL INSTRUMENT DIVISION (MID) A.) PRINCIPAL PRODUCT:MEDICAL INSTRUMENT –MEASURES & DISPLAYS MEDICAL PHENOMENA B.) CULTURE: ENGINEERING ORIENTED -DESIGNS.

Published byVincent Jones Modified over 9 years ago

Similar presentations

Presentation on theme: "MEDICAL INSTRUMENT DIVISION (MID) A.) PRINCIPAL PRODUCT:MEDICAL INSTRUMENT –MEASURES & DISPLAYS MEDICAL PHENOMENA B.) CULTURE: ENGINEERING ORIENTED -DESIGNS."— Presentation transcript:

1 MEDICAL INSTRUMENT DIVISION (MID) A.) PRINCIPAL PRODUCT:MEDICAL INSTRUMENT –MEASURES & DISPLAYS MEDICAL PHENOMENA B.) CULTURE: ENGINEERING ORIENTED -DESIGNS NEW PRODUCT FROM SCRATCH RATHER THAN MODIFICATION C.) COST: USES NEW OR UNIQUE PARTS NOT USED IN OTHER PRODUCTS OF LSC LIFE SAFETY CORP. (LSC )

2 MEDICAL INSTRUDIVISION (MID) D.) STRATEGY: MID AS PRDUCT DIFFERENTIATOR & PRICE LEADER E.) COMPETITION: COMPETITORS EMULATE PRODUCT AT LOWER COST (25% LESSER) & UNDERCUT PRICE OF LSC F.) COUNTER-ACTION: LSC LOWERS PRICE BELOW PRODUCT COST RESULTING TO SIGNIFICANT LOSS LIFE SAFETY CORP. (LSC )

3 MEDICAL INSTRUDIVISION (MID) G.) REMEDY: CONTINUOUS IMPROVEMENT PROGRAM 1.JUST-IN-TIME (JIT) INVENTORY & PRODUCTION 2.TOTAL QUALITY CONTROL 3.EMPLOYEE EMPOWERMENT H.) PROBLEMS: 1. HIGH PRODUCTION COST CAUSED BY MID’S PART NUMBER PROLIFERATION 2. VERY LONG CYCLE TIME I.) RESOLUTION: MAKE USE OF ACTIVITY- BASED COSTING & ACTIVITY-BASED MANAGEMENT LIFE SAFETY CORP. (LSC )

4

Download ppt "MEDICAL INSTRUMENT DIVISION (MID) A.) PRINCIPAL PRODUCT:MEDICAL INSTRUMENT –MEASURES & DISPLAYS MEDICAL PHENOMENA B.) CULTURE: ENGINEERING ORIENTED -DESIGNS."

Similar presentations

Quick Quiz 3.04.

Quick Quiz 3.04.
Part III – Developing the Entrepreneurial Plan Chapter 7 – Environmental Assessment: Preparation for a New Venture Chapter 8 – Marketing Research for New.

Part III – Developing the Entrepreneurial Plan Chapter 7 – Environmental Assessment: Preparation for a New Venture Chapter 8 – Marketing Research for New.
Knowledge Management as a Strategic Advantage for SMEs Global Knowledge Management Congress 2014 RJ. Liow Entrepreneur. Author. Speaker.

Knowledge Management as a Strategic Advantage for SMEs Global Knowledge Management Congress 2014 RJ. Liow Entrepreneur. Author. Speaker.
Market-Based Management, 4th edition

Market-Based Management, 4th edition
Positioning and PLC. Product Differentiation Most competitive advantages lasts only a short time. Companies therefore constantly need to think up new.

Positioning and PLC. Product Differentiation Most competitive advantages lasts only a short time. Companies therefore constantly need to think up new.
Strategic Management. 2 The Dynamics of Strategic Planning Strategy  large-scale action plan that sets the direction for an organization Strategic management.

Strategic Management. 2 The Dynamics of Strategic Planning Strategy  large-scale action plan that sets the direction for an organization Strategic management.
Building Competitive Advantage Through Functional-Level Strategy

Building Competitive Advantage Through Functional-Level Strategy
Managerial Economics and Organizational Architecture, 5e Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved. McGraw-Hill/Irwin Managerial.

Managerial Economics and Organizational Architecture, 5e Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved. McGraw-Hill/Irwin Managerial.
Chapter 5 Functional Level Strategy

Chapter 5 Functional Level Strategy
© 2006 Prentice Hall Leadership in Organizations 12-1 Chapter 12 Strategic Leadership by Executives.

© 2006 Prentice Hall Leadership in Organizations 12-1 Chapter 12 Strategic Leadership by Executives.
©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

©2015 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Organizational Design and Strategy in a Changing Global Environment

Organizational Design and Strategy in a Changing Global Environment
Strategic Management Accounting

Strategic Management Accounting
Strategic Management Strategic management requires an understanding of: Strategic management process How to develop an overall strategy Intended targets.

Strategic Management Strategic management requires an understanding of: Strategic management process How to develop an overall strategy Intended targets.
Strategic Marketing. Strategic Marketing Defined Marketing strategy is an endeavor by a corporation to differentiate itself positively from its competitors,

Strategic Marketing. Strategic Marketing Defined Marketing strategy is an endeavor by a corporation to differentiate itself positively from its competitors,
© 2004 by Prentice Hall, Inc., Upper Saddle River, N.J. 07458 16-1 Operations Management Just-in-Time and Lean Systems Chapter 16.

© 2004 by Prentice Hall, Inc., Upper Saddle River, N.J Operations Management Just-in-Time and Lean Systems Chapter 16.
Chapter One Introduction. Chapter One Introduction.

Chapter One Introduction. Chapter One Introduction.
Transparency Masters to accompany Heizer/Render – Principles of Operations Management, 5e, and Operations Management, 7e © 2004 by Prentice Hall, Inc.,

Transparency Masters to accompany Heizer/Render – Principles of Operations Management, 5e, and Operations Management, 7e © 2004 by Prentice Hall, Inc.,
Product Planning.  Product Planning  Decisions about the features and services of the product  Ideas that will help sell the product  Packaging /

Product Planning.  Product Planning  Decisions about the features and services of the product  Ideas that will help sell the product  Packaging /
Developing Marketing Strategies Chapter 7. Marketing Concept Three orientations Three orientations Customer Customer Goals Goals System System Meeting.

Developing Marketing Strategies Chapter 7. Marketing Concept Three orientations Three orientations Customer Customer Goals Goals System System Meeting.

Similar presentations

Ads by Google