Place of production vs product
What did Palmisano, a former CEO of IBM mean by saying the question no longer is what to product but where to produce it?
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The significance of place of production
The intention of creating a new product is making profit from it. At least this is a common goal for most organizations. Well, the quality and quantity of a product are very significant but they are not a guarantee to good sale and consequently desired profit. There are other factors that affect the performance of a certain product in an industry.
The place of production as stated by Mr. Palmisano is very influential in determining the performance of a product. This is because it is a central feature in relation to other factors like market and availability of the raw materials. If the place of production…………………
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