Rubbermaid
Case: Rubbermaid Inc.
At present, Rubbermaid derives its product inspirations from customer analysis and feedback. It is market-driven, not technology-driven in its focus. In its methodology, it primarily makes use of focus groups to determine what the customer wants and needs, such as unbreakable pool cups and other dishware. Other products are generated by listening to anecdotes, such as a doorman's complaint about the shape of a dustpan. Formal, written customer complaints about size and durability of products are also scrupulously analyzed.
While this has translated into a successful company, part of staying ahead of the competition is anticipating as well as reacting to what customers want and need. One way to generate ground-breaking ideas is through attribute listing. With attribute listing, inventors list the attributes of a product (such as a ball) -- including material, size, style, and purpose (Attribute listing, 2011, Mind Tools). Then, they brainstorm lists within the different categories (such as rubber, plush, and plastic for material; small, large and jumbo for size;...
In 2000 and 2010 each firm recognizes the risk of concentration of revenue generation in an increasingly consolidated retail industry. In each case Wal-Mart's share of sales represents the pivotal example of this phenomenon. Most interesting however, is the discussion of the risk of global economic conditions in 2000 and 2010. In 2000 the reports indicate the risk of an economic slowdown from the strong growth of 1996-2000. Likewise
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