Outdated Manufacturing Strategies Crippling Businesses, New Approach Promises Competitive Edge
Many organizations are investing in strategies like Total Quality and Just-In-Time without seeing real benefits because these strategies may not be suitable for their specific competitive context. A new approach called the competitive relevance matrix helps guide organizations on what strategies are appropriate based on their competitive position and market nature. This model combines ideas from different experts in manufacturing strategy and predicts that the performance gap between top organizations and others will continue to widen.