Mass customization of products has become a common approach in manufacturing organizations
Mass customization of products has become a common approach in manufacturing organizations. Explain the ways in which mass customization can be applied to service firms as well.
· Chapter 7: A top executive claimed that superior management is a craft technology because the work contains intangibles (such as handling personnel, interpreting the environment, and coping with unusual situations that have to be learned through experience). If this is true, is it appropriate to teach management in a business school? Does teaching management from a textbook assume that the manager's job is analyzable and, therefore, that formal training rather than experience is most important?
· Chapter 8: Do you believe that technology will eventually enable high-level managers to do their job with little face-to-face communication?
· Chapter 9: Look through several recent issues of a business magazine (Fortune, BusinessWeek, Fast Company, etc.) and find examples of 2 companies that are using approaches to busting bureaucracy. Explain the techniques that these companies are applying.
· Chapter 9: Do you believe that a no growth philosophy of management should be taught in business schools?
· How can/should a biblical worldview be applied?
Sample Solution
Mass customization in service firms
Mass customization is a manufacturing approach that allows businesses to produce products or services that are tailored to the specific needs of individual customers. While mass customization is most commonly associated with the manufacturing of goods, it can also be applied to service firms.
Here are some examples of how mass customization can be applied to service firms:
- Financial services: Banks and other financial institutions can use mass customization to offer products and services that are tailored to the individual needs of their customers. For example, a bank might offer a customized investment plan to a customer based on their risk tolerance and financial goals.
- Healthcare: Healthcare providers can use mass customization to offer personalized care to their patients. For example, a doctor might create a customized treatment plan for a patient based on their medical history and individual needs.
- Education: Educational institutions can use mass customization to offer personalized learning experiences to their students. For example, a teacher might create a customized lesson plan for a student based on their learning style and interests.
- Travel and tourism: Travel and tourism companies can use mass customization to offer personalized travel experiences to their customers. For example, a travel agent might create a customized itinerary for a customer based on their interests and budget.
- Increased customer satisfaction: Customers are more likely to be satisfied with a service that is tailored to their specific needs.
- Improved customer loyalty: Customers are more likely to remain loyal to a service firm that offers them a personalized experience.
- Increased market share: Mass customization can help service firms to expand their market share by offering products and services that are not available from their competitors.
- Differentiated value proposition: Mass customization can help service firms to differentiate themselves from their competitors by offering a unique and personalized experience.
- Increased costs: Mass customization can be more expensive than traditional service delivery methods, as it requires service firms to invest in more flexible processes and technologies.
- Complexity: Mass customization can be complex to implement, as it requires service firms to coordinate the delivery of personalized services across multiple touchpoints.
- Customer expectations: Mass customization can raise customer expectations, as customers come to expect that service firms will be able to meet their individual needs.
- Empowering employees: Some companies are empowering employees to make decisions and take action without having to go through multiple layers of management. This can help to streamline decision-making and improve efficiency.
- Creating cross-functional teams: Some companies are creating cross-functional teams that bring together employees from different departments to work on projects. This can help to break down silos and improve communication and collaboration.