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To derive quality from quantity

Czerwinski, Peter; Berger, Magnus and Nilsson, Sara (2008)
Department of Business Administration
Abstract
The purpose of this master thesis is to present a model that illuminates the important factors when deriving technical information from market data within a company. For companies to be able to become and stay competitive in the market, product quality is an important factor. Whilst good product quality leads to customer satisfaction and loyalty, lack of quality brings costs in service and replacements. To improve product quality, the developers need information and knowledge about what quality issues affect existing products. Most companies gather data from market about known issues, but in order eliminate known quality issues in new products; this data has to be transformed into information and knowledge. Data, information and knowledge,... (More)
The purpose of this master thesis is to present a model that illuminates the important factors when deriving technical information from market data within a company. For companies to be able to become and stay competitive in the market, product quality is an important factor. Whilst good product quality leads to customer satisfaction and loyalty, lack of quality brings costs in service and replacements. To improve product quality, the developers need information and knowledge about what quality issues affect existing products. Most companies gather data from market about known issues, but in order eliminate known quality issues in new products; this data has to be transformed into information and knowledge. Data, information and knowledge, as well as how to turn data into information and knowledge, is defined using existing theories on the area. Further, theories identifying factors that affect information creation are presented. Based on the theories, the model, “Transformer” is created. Transformer constitutes a grasping framework for what factors affect derivation of technical information from market data. Transformer is built upon three main areas called; Organizational Factors, Human Factors and Tools. Further, harmonizing synergies have been identified as an equally important factor as each of the three areas. The practical use of Transformer is evaluated, and is demonstrated by its application to three cases found within a large technology based company. The conclusion is that information can not be created by focusing on only one, or two, of the three areas: Organizational factors, Human factors or Tools. All of the three pillars, as well as the synergies, are equally important in the process of turning market data into technical information. Even if information creation in many ways is a technical problem, it can not be solved by finding a technical solution. (Less)
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author
Czerwinski, Peter; Berger, Magnus and Nilsson, Sara
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
Quality, Data, Information, Knowledge, Organization, Technology, Product Development, Management of enterprises, Företagsledning, management
language
Swedish
id
1347781
date added to LUP
2008-05-15
date last changed
2012-04-02 17:04:30
@misc{1347781,
  abstract     = {The purpose of this master thesis is to present a model that illuminates the important factors when deriving technical information from market data within a company. For companies to be able to become and stay competitive in the market, product quality is an important factor. Whilst good product quality leads to customer satisfaction and loyalty, lack of quality brings costs in service and replacements. To improve product quality, the developers need information and knowledge about what quality issues affect existing products. Most companies gather data from market about known issues, but in order eliminate known quality issues in new products; this data has to be transformed into information and knowledge. Data, information and knowledge, as well as how to turn data into information and knowledge, is defined using existing theories on the area. Further, theories identifying factors that affect information creation are presented. Based on the theories, the model, “Transformer” is created. Transformer constitutes a grasping framework for what factors affect derivation of technical information from market data. Transformer is built upon three main areas called; Organizational Factors, Human Factors and Tools. Further, harmonizing synergies have been identified as an equally important factor as each of the three areas. The practical use of Transformer is evaluated, and is demonstrated by its application to three cases found within a large technology based company. The conclusion is that information can not be created by focusing on only one, or two, of the three areas: Organizational factors, Human factors or Tools. All of the three pillars, as well as the synergies, are equally important in the process of turning market data into technical information. Even if information creation in many ways is a technical problem, it can not be solved by finding a technical solution.},
  author       = {Czerwinski, Peter and Berger, Magnus and Nilsson, Sara},
  keyword      = {Quality,Data,Information,Knowledge,Organization,Technology,Product Development,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {To derive quality from quantity},
  year         = {2008},
}