Video Case Study Strategy at Regal Marine Regal Marine‚ one of the U.S.’s 10 largest power-boat manufacturers‚ achieves its mission ―providing luxury performance boats to customers worldwide―using the strategy of differentiation. It differentiates its products through constant innovation‚ unique features‚ and high quality. Increasing sales at the Orlando‚ Florida‚ family-owned firm suggest that the strategy is working. As a quality boat manufacturer‚ Regal Marine starts with continuous
Premium Marketing Economics Integrity
1.State Regal Marine’s mission in your own words. “With great innovation and leadership development to enhance a diverse cognizant membership‚ “Regal Marine” strives to preserve and promote an inclusive environment for its member” 2.Identify the strengths‚ weaknesses opportunities and treats that are relevant to strategy of Regal Marine. Opportunities *USA is the largest boating I water skiing nation in the world. *Estimated water skiing interest doubles if it becomes Olympic event. *None
Premium Decision making Computer-aided design Economics
Regal Marine Trident University OPM / 300 March 6‚ 2013 Dr. Zhen Li Regal Marine Products The concept of Regal Marine’s product life cycle applies to new boats every three to five years‚ and each boat has four stages it goes through. The introduction and the design concept is the most important stage. Once they have a design concept which makes it easy to transfer to a model and make changes as needed by the designers that use a CAD system. The new
Premium Computer-aided design Design Boat
PT 2: STRATEGY AND PRODUCT DESING AT REGAL MARINE Date: Thursday‚ October 25th Instructions: • • • Please‚ read very carefully and thoroughly this document. Before class‚ you must read the case study. During the class‚ we will watch some videos related to the case study to complete the information about the company and you will have to work in groups to solve the discussion questions. Class notes are allowed for this practical teaching. For this practical teaching each group must hand in a report
Premium Computer-aided design Management Product life cycle management
the legal marine case study. Prepare a report about it including the solution for its questions. CASE 1 PRODUCT DESIGN AT REGAL MARINE Reference: Heizer‚ J. & Render‚ B.‚ 2004‚ Operations Management and Student CD and Student DVD Package (4th Edition)‚ Prentice Hall‚ pp164. With hundreds of competitors in the boat business‚ Regal Marine must work to differentiate itself from the flock. As you read in the Global Company Profile that opened this chapter of your text‚ Regal continuously
Premium Computer-aided design
Regal Marine Question 1: State Regal Marine’s mission in your own words. Regal Marine’s Mission is to provide luxury performance boats to customers world wide using the strategy of differentiation. It seeks to attain this mission by using the following criteria in it’s differentiation: 1. constant innovation 2. unique features 3. high quality. 4. Value – this was mentioned in the video case. 5. Wide and different models – this was mentioned in the video case.
Premium Production and manufacturing Decision making Marketing
VIDEO CASE STUDY PRODUCT DESIGN AT REGAL MARINE The 7-minute video available from Prentice Hall‚ filmed specifically for this text‚ supplements the written case. 1. The concept of product life cycle applies to Regal Marine because Regal is constantly under pressure to introduce new prod-ucts—and those products have life cycles of relatively few years. As the video suggests‚ it is a matter of typically less than five years before a boat is out of style and its life cycle terminated. This is a
Premium Product management Ratio Management
MANAGEMENT AT REGAL MARINE Global firms like Regal Marine know that the basis for an organization’s existence is the good or service it provides society. Great products are the keys to success. With hundreds of competitors in the boat business‚ Regal Marine must work to differentiate itself from the flock. As you read in the Global Company Profile that opened this chapter of your text‚ Regal continuously introduces innovative‚ high-quality new boats. Its differentiation strategy is currently reflected
Premium Management Supply chain management Inventory
VIDEO CASE: SUPPLY-CHAIN MANAGEMENT AT REGAL MARINE 1. What other techniques might Regal Marine use to improve supply chain management? Answer: The other techniques might Regal Marine uses to improve supply change management are as follows: * Allowing the supplier to become part of the company coalition. * Specialization – utilizing the efficiency and knowledge of persons specializing in supply chain management * Virtual company – relying on a variety of supplier relationships to
Premium Supply chain management Management Logistics
establishment‚ and sustained fire projection of their forces from that position (Navy 28). Without the Marines‚ the Army would need to provide a specially trained‚ ready force in their stead. This all ties back to the essential and different tasks of the multiples branches of the military. It is important to note the United States naval maritime strategy and understand the USMC’s role in it. Maritime strategy involves six key elements: forward presence‚ deterrence‚ sea control‚ power projection‚ maritime
Premium Military United States World War II