[This is the third part of the 4 part series on Business Management .] Getting the right product that solves a genuine problem is very important because that is what you will be selling. Making a half hearted product will get you nowhere even if your marketing budgets are in millions. Remember Windows Vista? Production is about using the right methods at all times and discovering the right ways as you move ahead. For example, lets looks at the Toyota way . Toyota by far is the most efficient car manufacturer. I was surprised to read recently that Toyota’s production system was made in a way such that all assembly lines can produce all types of cars.
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4M’s of Management III- Machine (Production and Product Management)
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