The product planning problem in a medium-sized electronic instrument corporation. - Page 64 |
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55 '
depends upon the accuracy of judgment in estimating each
of the factors.
Another formula (see Formula 2, page 54), derived
by Alcolac Company, measures the probable success of
products. o No matter what method of evaluation is used,
the same basic economic factors must be considered. A
checklist is often helpful to remind the committee members
of the items to be considered at this time of decision.
If the product idea appears reasonable and approval
to proceed is given, specific assignments are made to
departments to obtain detailed information and through !i
preliminary tests to determine feasibility, firm specifica-j
tions, and so on. Points of budget control are assigned
giving specific dates for the next committee action. This
i
sets a priority pattern, establishes the manpower needs,
and a clear assignment of responsibilities is set. '
The next action by the committee might be a
i
review in the form of a final report. Prepared by the i
t
product coordinating section, it includes a review of the
prototype performance, economic figures, sales estimates !i
! for a four year period, and firm engineering specifications.:
2Ibid.
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| Title | The product planning problem in a medium-sized electronic instrument corporation. - Page 64 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 55 ' depends upon the accuracy of judgment in estimating each of the factors. Another formula (see Formula 2, page 54), derived by Alcolac Company, measures the probable success of products. o No matter what method of evaluation is used, the same basic economic factors must be considered. A checklist is often helpful to remind the committee members of the items to be considered at this time of decision. If the product idea appears reasonable and approval to proceed is given, specific assignments are made to departments to obtain detailed information and through !i preliminary tests to determine feasibility, firm specifica-j tions, and so on. Points of budget control are assigned giving specific dates for the next committee action. This i sets a priority pattern, establishes the manpower needs, and a clear assignment of responsibilities is set. ' The next action by the committee might be a i review in the form of a final report. Prepared by the i t product coordinating section, it includes a review of the prototype performance, economic figures, sales estimates !i ! for a four year period, and firm engineering specifications.: 2Ibid. |
