Question

Rather than creating a new product, Chinese manufacturers have been notably successful at adopting a different strategy. They have been able to make and offer a competing product so rapidly that the majority of adopters have a choice when purchasing the product for the first time. This is referred to as a

Answer 1

The method that was adopted by the Chinese manufacturers who instead of creating a new product,  adopted a different strategy is: Lean manufacturing initiative.

Lean manufacturing initiative is a form of manufacturing where the producer identifies non-value adding activities and initiates measures to systematically eliminate these.

The process is gradual. Most manufacturing organizations adopt this process.

This is the same with the Chinese industries who instead of immediately creating a new product, adopt the strategy of introducing competing products.

Learn more about lean manufacturing initiative here:

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