By Paul Walter Odomirok Sr.
Affordability is a brand new idea that permits the implementation of continuing development for any association. It encapsulates modern tools that enhance product and repair profitability, raises marketplace proportion, price, pace, caliber and strength, and cuts down on price. This new process addresses the wishes of transforming into, bettering, and maintaining a company. It offers a framework and starting place for launching development tasks, deploying non-stop development, and retaining the cultural behavior and behaviors required to proceed such efforts. Case stories from numerous industries, companies, and associations are provided.
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Extra resources for Affordability: integrating value, customer, and cost for continuous improvement
So, to me, it’s not so surprising that value is often confused with cost and frequently used in the same context and intent. In affordability, value is most closely related to worth and benefit, while cost is expressed through more monetary characteristics of price and expense. Affordability, although centered on customer, is framed by value and cost, and the two supporting pillars provide that balance for integration for continuous improvement. Value contains cost as expense, and customer contains cost as price, so as cost contains both customer and value customer contains value as requirements.
Due to the very short life spans, however, which is often a result of this “VE technique,” planned obsolescence has become associated with product deterioration and inferior quality. Vance Packard once claimed this practice gave engineering as a whole a bad name as it directed creative engineering energies toward short-term market ends. To counterbalance such an effect, affordability supplements VA/VE with complete product analysis and service analysis that breaks down every facet to its salient components and uses the results for additional team analysis and diagnostics.
Leadership is a core component for every organization. Today, worldwide, there seems to be a lack of leadership and an overabundance of management. Leadership is about people, while management is about things. In 1982, at a conference in which I was speaking, I heard the keynote speaker, Retired Rear Admiral, Grace Hopper say, “You manage things, and you lead people. ” Leadership sets direction, aligns resources, motivates people, communicates the message, and executes the plan. Change and transformation is a leadership responsibility.
Affordability: integrating value, customer, and cost for continuous improvement by Paul Walter Odomirok Sr.