Real Innovation - Real Results

4 - New Business Model

 

 

Situation

 

    • Profitable ceramics materials manufacturer had fallen behind in technology
    • Company interested in determining whether to compete through technology or business model
    • Desired to evaluate mass customization as a competitive business model strategy to reestablish business as a leader in the industry

 

Actions Taken

 
    • Assembled and led cross-functional, director-level team to develop and evaluate potential of breakthrough mass customization concepts
    • Applied “Customer Value Model” to estimate customer benefits
    • Forecast impact on organizational skills, manufacturing strategy, and capital plans.  Identified risks
    • Created business and development plan for next stage


Results

 

    • A significant investment for mass customization was approved by the executive leadership team