Difference between industrial and post industrial cities
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Industrial Vs Post Industrial World
General Management, GlobalizationAdd comments
The major difference between industrial and post industrial world is the form of labor. In industrial world labor was more physical in nature whereas in post industrial world it is more mental in nature. Another major difference is in industrial world focus was to provide solutions to consumers with high volumes, low variety and high quality at low cost where as in post industrial world the focus is on providing customized solutions for every consumer with high automation, high speed and flexibility.
Following is comparison of industrial vs Post industrial organizations
Industrial
Post Industrial
Physical Capital dependent; asset and labor intensive
Intellectual Capital dependent, fewer smarter people
Physical Tangible product based
Intangible, high value added services/soln based
Employs many
Employs fewer
Balance sheet focus
Income statement focus
Low net income per person
High net income per person
Scale constraints
Easily scalable
Low Market value per person(MVP)
High MVP
Low internal shareholders
High internal shareholders
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To succeed in post industrial world everyone needs to find his niche; everyone has to ask what can he provide that no one else can? Any job that can be codified will be converted into software programs, any job that is repetitive will be automated so if you have something creative to offer you will do well else you will have tough time even to survive. So find what you have to add that others don’t.
General Management, GlobalizationAdd comments
The major difference between industrial and post industrial world is the form of labor. In industrial world labor was more physical in nature whereas in post industrial world it is more mental in nature. Another major difference is in industrial world focus was to provide solutions to consumers with high volumes, low variety and high quality at low cost where as in post industrial world the focus is on providing customized solutions for every consumer with high automation, high speed and flexibility.
Following is comparison of industrial vs Post industrial organizations
Industrial
Post Industrial
Physical Capital dependent; asset and labor intensive
Intellectual Capital dependent, fewer smarter people
Physical Tangible product based
Intangible, high value added services/soln based
Employs many
Employs fewer
Balance sheet focus
Income statement focus
Low net income per person
High net income per person
Scale constraints
Easily scalable
Low Market value per person(MVP)
High MVP
Low internal shareholders
High internal shareholders
Â
To succeed in post industrial world everyone needs to find his niche; everyone has to ask what can he provide that no one else can? Any job that can be codified will be converted into software programs, any job that is repetitive will be automated so if you have something creative to offer you will do well else you will have tough time even to survive. So find what you have to add that others don’t.
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