Possible reductions in production costs A standard cost system may lead to cost savings. These are wasteful competition, which does not to society. In additionally, loss of responsiveness also the disadvantage of the standardization. Workers who succeed in hiding variances diminish the effectiveness of budgeting. Brought to you by Disadvantages and Advantages of Standard Costing The chief advantage of using a standard costing system is that it gives you a starting point for estimating costs even when you have no past experience to give you those numbers. Goods of uniform quality are turned out irrespective of the preferences of individual customers. This develops and expands of any products.
The other disadvantage of standardization is about employee concerns. The sale of a standardized product presents its own benefits for small businesses that want to adapt this marketing technique. This makes it difficult to create a recycling market. As a consequence, the consumer has greatly. Customer service, advertising, distribution and product pricing must be driven by local market conditions to be successful. Stifles creativity and response time is the disadvantage of the standardization.
Also, the rules of the gold standard can not be strictly enforced with can cause problems. Immediately recycling paper will favor the air we breathe, reduce flooding and provide more raw materials and food. Explain the strategies for competitive advantage. In this case, adaptation is predestined. The advantages of standardization is that it helps cuts costs by lowering installation costs, reducing need to maintain large inventories, and lowering maintenance costs thus also allows a company to take advantage of economies of scale when purchasing supplies. One disadvantage is, if something is wrong with the product, there is sometimes no way to tell until several have already been made.
There will be less depletion of natural resources. The fact of including non-polluting elements, recyclable materials, as well as new more organic products such as the electric car presents the first alternative, the starting point of recycling. This research paper examines the issues of standardization global strategy and adaptation customization in global marketing strategy and suggests methods that can guide multinational companies compete effectively and efficiently within the international markets. So that the materials can be purchased in bulk quantities and this will lead to have discounts in purchasing. Improved Quality A business that supplies a standardized product has a high potential for producing good quality products since the production operations concentrate on one product. Differences between service design and product design: a.
It may also permit automation. In 2003, McDonald's introduced the McArabia, a flatbread sandwich, to its restaurants in the Middle East. This can result in a major shortening of the product development process, which could be a key competitive advantage. In international marketing, the marketers are required to come up with a decision as to whether they are going to standardize the product or to modify the existing products which is one of the challenging decisions that they have to make. Product designers must take into consideration the organization's manufacturing capabilities to produce a particular product.
A designer can easily modify an existing design or create a new one. Every year dozens of tons of plastics end up in the oceans, destroying the marine habitat and the health of our planet. The sympathy and personal touch, which ought to exit between the master and the men, are missing frequent misunderstandings lead to strikes and lack outs. It also helps improve communication and performance. Save money Among the benefits of recycling can also be mentioned a saving of money.
This tendency can be reduced by using supplemental performance measures that focus on these other objectives. About the Author Fiona Miller is a resident of Vancouver, Canada. As a result, this leads to a decrease in the use of fossil fuels that are also responsible for the level of these polluting gases. Of course products have different uses in different countries for example cycling is a leisure activity in some nations, and a form of transport in others. Remanufactured products are cheaper to make than new products are. It involves the willingness of the vendor to provide two or more services at a basic rate.
It could mean the last resort available for the elimination of end-of-life products. Retrieved November 12, 2013, from 2 Czinkota, M. In principle, the repair supposes a smaller effort than the restoration. Limited resources can be another issue. How does the process of strategic migration transpire? However, market conditions often change, and companies that change quickly are best positioned to take advantage of them. The total results indicate relatively small difference in the degree of adaptation between product,. He can also have own repairing unit.
Then you have a standardized marketing mix — surely this cannot benefit your business. It helps improve the management and design with less customization needed, enabling. Some companies are now reporting variances and other key operating data daily or even more frequently. Managers need to analyze the behavior of three different types of costs: - Fixed costs; - Variable costs; - Semi-Variable or mixed costs. This implies a lower use of vehicles and, consequently, a lower expenditure of hydrocarbons. Reduces global warming and pollution Recycling by companies reduces the emission of gases that produce the greenhouse effect. Technology gradient is a dynamic component of the technology management process, to be monitored for strategic advantage.
Employees should receive positive reinforcement for work well done. It does not mean just making products heavier and bigger because these may not be attributes customers desire in a product. The owner is usually absent. Electronic waste has a very high level of lead that can cause contamination in the blood, diseases in the skin, respiratory tract, stomach and other organs. Spill Really the spill does not suppose a valid alternative of recycling.