Affordability: integrating value, customer, and cost for by Paul Walter Odomirok Sr.

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, worth, velocity, caliber and power, and cuts down on price. This new procedure addresses the wishes of starting to be, bettering, and maintaining a firm. It offers a framework and origin for launching development tasks, deploying non-stop development, and protecting the cultural conduct and behaviors required to proceed such efforts. Case reviews from numerous industries, companies, and associations are provided.

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It logically follows that, in order to design in affordability, one must begin with the customer. The needs, wants, wishes, and requirements of the customer must align and be in synch with both the value and cost of any organization. 9 The 5Ps: a cyclical system and function of success. 18 Affordability: Integrating Value, Customer, and Cost and leadership must thereby tie them all together. To accomplish affordability, change and transformation may be necessary, and creativity and innovation are compulsory for solving problems and providing customer solutions.

Customer requirements, needs, wants, wishes, and desires are the aim and target for fulfillment of the value proposition of the organization. Products and services aimed at customer markets should seek to meet and exceed all conditions and necessities. There are even times when close customer relationships can predict and anticipate emerging needs and upcoming shifts in market requisites. When value matches up to, and synchs with, customer realities, superior products and top-quality services are the likely result.

Products and/or services are the vehicles that sustain our existence. People are the solution to challenges of our systems. Leadership is responsible and accountable for the outcomes and results. Creativity and innovation is the foundation of our future. Facts are the basis of our decisions, truthful information is the basis of our knowledge. Strategy provides the direction. Systems are the means of success. Structure clearly defines the playing field as well as the boundaries and constraints. All work is a process where the quantitative dimensions of scope, time, quality, and cost are measurement components of success, and qualitative satisfaction measures of customer, people, and suppliers/ partners are components of excellence.

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