Why mis locked upon as a strategic need of management today?
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✔Increase in the service sector at the expense of manufacturing, and the development of an information-based economy, the so-called informational revolution.
✔In a post-industrial society, manufacturers relocate to more profitable locations through a process of off-shoring.
✔Measurements of manufacturing industries outputs and economic effect are not historically stable.
✔Traditionally, success has been measured in the number of jobs created.
✔The reduced number of employees in the manufacturing sector has been assumed to result from a decline in the competitiveness of the sector, or the introduction of the lean manufacturing process.
✔Related to this change is the upgrading of the quality of the product being manufactured.
✔While it is possible to produce a low-technology product with low-skill labour, the ability to manufacture high-technology products well is dependent on a highly skilled staff.
hope it helps
✔Increase in the service sector at the expense of manufacturing, and the development of an information-based economy, the so-called informational revolution.
✔In a post-industrial society, manufacturers relocate to more profitable locations through a process of off-shoring.
✔Measurements of manufacturing industries outputs and economic effect are not historically stable.
✔Traditionally, success has been measured in the number of jobs created.
✔The reduced number of employees in the manufacturing sector has been assumed to result from a decline in the competitiveness of the sector, or the introduction of the lean manufacturing process.
✔Related to this change is the upgrading of the quality of the product being manufactured.
✔While it is possible to produce a low-technology product with low-skill labour, the ability to manufacture high-technology products well is dependent on a highly skilled staff.
hope it helps
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