Heinz Product And Technology Standards
Product and Technology Standards
Heinz in Chile & South Korea
Introduction
"International markets have become increasingly attractive to companies hoping to secure new customers and add revenues. As barriers to trade have diminished, more and more companies have found attractive opportunities for expansion in countries outside their traditional home markets (Lovka & Powers, 2003)." The globalization of markets is the principal driving force behind the need for global product standardization theory.
Product and technology standardization is the process establishing a common set of parameters within an industry so that items produced by different manufacture are not only of great quality but also they can work together when needed. Standardization refers to the consistency of a product or service and the ability of the manufacturer to produce and reproduce that product or service with as little variation as possible. Standardization is necessary in order to ensure that consumers......
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Approximate Word Count: 1484
Approximate Pages: 6 (250 words per double-spaced page)
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