Simply stated, the level of competition today requires high levels and continuous improvement of organizational performance in foursome critical areas: = The quality of goods and services = The cost of producing goods and services = The rush along with which products and services are brought to market = Innovation in the learning of new products and services In the past, companies had both(prenominal) slack in wizard or more of these four performance areas. If an organization could work over a product out quickly, customers would pay more for it an! d would admit defects. Or, if the price was low enough, customers would accept poor quality, some retardation in delivery or service, or both. Today, however, there is puny tolerance for substandard performance in any area. Customers require value, and that means speed, cost, quality, and innovation. Even more significantly, they do not pick up to tolerate shortfalls in performance; they can readily turn...If you pauperism to get a full essay, order it on our website: OrderCustomPaper.com
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