ENGR 6200 Summer 2021.
What Parts of a Business Can Affect Profitability?
Marketing, Finance, Any other?
Example: Finance
Sales
Margin
Javier - Market Opportunity
Sales Cycle
Price of goods sold
Victoria
Andrew
Use the following Mind Map to Think Through Major Areas within a Business Segment that Influences Profitability and the Factors downstream which
Operating Costs
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Revenue
Consumers
Quality Assurance
Defects per unit
Existing Products
Ongoing support costs (aftermarket)
Product Development
How well something works
Accuracy
Low return rate
Defect analysis
Price of Supplies
Product Value
Recalls if defect is serious enough
Location
Demographics
Innovation
Replacements (parts and repairs)
Health
Material Cost
market need
product component launch
accuracy
Economic Class
pilots
technology
Production optimization
inspiration
Supplier quality
Supplier audit
Adoption Rate
Early
Late
Healthy
Unhealthy
Continue Improvement
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Software security
Adjacent Competition
Covers Issue that Customer is Looking For
Direct Competition
customers response to new feature
how much customer uses features
Interest in purchasing additional added features
Supplier ratings / costs
Production equipment
Tech Savviness
Production equipment uptime
Lead Time