Introduction into the Reliance Framework

We should always remember that sometimes, putting in less effort can lead to better results:

input:productideaembedded productsensorprocessactormudaoutput:cashstrategy+controller„Machine that buildsthemachine“ BusinessPlanoperationsstrategyoperationsdisturbancevariable:outcome:iterationEssentials:Reliance Framework:A customer-centric framework aiming to shed light on complex situations and establish effectiveembedded product creation processes.Essential Product Lifecycle Process (EPLP):EA comprehensive process integrating the five corebusiness functions to optimize: value creation,marketing, sales, value delivery and finance.Self Assessment:An evaluation tool utilizing both formal andinformal methods to maximize a product'svalue and make the right strategic decisions.

(1) It's reassuring to know that we found specific steps that together we can take to break from any pitfall. (2) Systems form an invisible framework at the heart of your business, encompassing everything needed to deliver customer delight consistently. (3) Successful companies thrive by systematizing activities to cut costs while Increasing customer benefits. (4) You can achieve efficiency through systematization, but keep in mind that your business, embedded product, and revenue stream will undergo several significant changes.

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