Question

Please Use In Full Detail and Explain!

Select a product or service that you currently use or have used that needs an improvement to its value. Next, apply the Value Analysis technique (see the Value Analysis handout as a guideline) to synthesize finding alternatives in an innovative manner for the product/service you selected

Answer 1

          Recently, I have bought a mobile which was according to the present trend. It had all the features which will helpful to the working person. When compared to the cost it has fewer features. Company can offer more features which were installed at present. According to my point of view, company can offer the features like more quality pixel camera, some of the software which is more beneficial and some additional applications to access the social media.

            Value analysis is a technique which is used in the organization to minimize the cost. By utilizing this method quality, performance and also the way of product appearance will not be minimized but only cost will be reduced. By applying this technique to the product which I bought it had all the features but main cause was cost if cost was increased mobile performance should also be increased by adding extra applications. If we done this technique analysis on the product by reducing the cost then same product can be released to the market. I would like to recommend that if the cost decreased company will also decrease the performance but company should reduce the cost and should not reduce the performance by the people will know how the company gives importance to the people and they will also trust the company