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Ajay is a technologist and business strategist who often obsesses over issues that range from the impact of technology on disruptive business models to entrepreneurship and impact investing. Common marketing theories from the 4Ps to the 5Cs have failed when trying to engage the BoP. You can find him at [link].].
From streamlining processes to taking advantage of technological solutions, these methods will help you save money while still providing excellent customer service. Look for processes that can be automated or require minimal efforts, such as bookkeeping, customer support, marketing, and IT services.
It involves replacing traditional mass manufacturing with “leanmanufacturing” principles. Over the last thirty years, the lean approach — developed by Japanese automakers — has permeated the manufacturing sector in developed countries, but is much less commonly used in the developing world.
the Internet of Things (IoT), Digital Manufacturing, and big data and advanced analytics. There is a common misconception that technology alone can produce magical results. The technologies and processes that are transforming companies. Remember that technology alone is not a cure-all. ” Insight Center.
Technologies like 3-D printing, robotics, advanced motion controls, and new methods for continuous manufacturing hold great potential for improving how companies design and build products to better serve customers. Why are older incumbent firms slow to adopt new technologies even when the economic or strategic benefits are clear?
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