The
catch phrase today is that “money can't buy you happiness, but it sure can buy
you everything else”. The situation at present is such that you can literally
buy anything; be it a trip to Mars or someone to cut your nails!
So what does that mean
to the business world? Traditionally a product or service had to have few basic
characteristics and we had a good business. The product had to be producible,
profitable, have utility and should be differentiable. The business had its
loyal customers, and the rules were quite simple.
And then people changed,
they became much more broad minded. They listened to new ideas. Self-actualization
came in closer to the basic need. People wanted to explore and a traditional
job and way of living was no longer necessary to them.
Suddenly a jacket could
also be designed to be worn inside out and it was accepted. It was in fact
fashionable to do so. Each generation came up with newer ideas and they also
happen to have a larger disposable income. Experimentation became the “in”
thing and people found newer and cheaper ways to do business.
A product now is never a single product; it is
designed to be multipurpose. For example a mobile phone is not just a device
used to make calls; it is now a camera, a networking interface, a torch, a
gaming console, a television and even a mirror. This new product is a win-win
situation to both the business as well as the consumer. A Product should be
designed in such a way where it can deliver its value to customer and make a profit for the organization. The more
innovative the product is, the better it does in the market which of course
makes the business more successful.
However it is not just
about adding more features to the core product, these features need to coexist
with effectiveness. It does not really work if a mobile phone has a 32
megapixel camera but takes 10 minutes to start the camera. Operational effectiveness
has to be the number one criteria when designing a product. It has come to a
point where the perceived functional benefits of
a product is a major factor which influences a buying decision.
Hence the importance of product
design is to make the customer happy by meeting the needs and the desires of
the customer and by maximizing the value for the customer at minimal rate,
which may require the enhancement or modification to the existing product
rather than producing a new one. The first stage includes analyzing the
customer needs, the market trend and planning for the product, followed by
converting the ideas using the latest technologies into a resourceful product
which can really satisfy the customer expectations. Finally bringing the
product to the market for its final competition completes the full cycle of
product design. Well, an organization must follow the three stages of product
design in order to become successful.
A good team with enough knowledge on the supply
chain of the organization is very essential. And the need for right kind of raw
materials which meets the quality standards, the need for testing the product
before it is out in the market are factor that may affect the process of
product design.
Thus, product must be designed very well for
customer satisfaction and must be powerful enough to provide a competitive
advantage for the organization.
Reference
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