the major theories of industrial location were developed by the economists. some of them which we consider pioneering and useful in understanding the locational behaviour of firm are explained here.
Two major theories namely :(1) Weber's Theory. (2) The market area theory of Tord Palander.
the major theories of industrial location were developed by the economists. some of them which we consider pioneering and useful in understanding the locational behaviour of firm are explained here.
Two major theories namely :(1) Weber's Theory. (2) The market area theory of Tord Palander.
Understanding outsourcing contexts through information asymmetry and capabili...Ian McCarthy
Outsourcing is a strategic activity that has long been central to operations management research and practice. Yet, there are still many outsourcing management challenges that remain. In this article, we explore two of the outsourcing challenges that motivated this special issue and are central to the 10 articles included. To do this, we develop a theoretical model that examines how variations in capability fit and information asymmetry combine to present firms with four different outsourcing contexts. We then explain how each of the articles included in this special issue relate to our theoretical model and explore several avenues for future research.
This is based on the externalities of business and the growth of different secotrs of the economy and its effets on the environment as part of A2 Economic Geography
Understanding outsourcing contexts through information asymmetry and capabili...Ian McCarthy
Outsourcing is a strategic activity that has long been central to operations management research and practice. Yet, there are still many outsourcing management challenges that remain. In this article, we explore two of the outsourcing challenges that motivated this special issue and are central to the 10 articles included. To do this, we develop a theoretical model that examines how variations in capability fit and information asymmetry combine to present firms with four different outsourcing contexts. We then explain how each of the articles included in this special issue relate to our theoretical model and explore several avenues for future research.
This is based on the externalities of business and the growth of different secotrs of the economy and its effets on the environment as part of A2 Economic Geography
Running Head CONCEPT OF DIVISION OF LABORCONCEPT OF DIVISION OF.docxhealdkathaleen
Running Head: CONCEPT OF DIVISION OF LABOR
CONCEPT OF DIVISION OF LABOR
Concept of Division of Labor
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Abstract
The concept of division of labor includes dividing production process into a number of task where workers concentrate on specific task. This paper will address the importance of division of labor to the capitalist economy, how division of labor leads to more efficient production and finally provides examples of division of labor based on personal experiences. In a capitalist economy, division of labor ensures efficiency in production. Efficiency in production is achieved through placing each worker in a specific task which they are skilled in. Example of division of labor is in a restaurant and a shoe manufacturing company. Division of labor is very important as it ensures efficiency hence increasing productivity.
Division of Labor
Introduction
Division of labor plays a very important role in maximizing efficiency in the manufacturing sector as well as economic sector. In economics, division of labor is defined as the separation of tasks into a number of tasks which are performed by specific specialized people in the task. The concept of division of labor is very important in the economic sector as it ensures efficient and effective delivery of services as well as production of goods. Division of labor is mostly done in large manufacturing industries where production is done on large scale. The production normally involves many workers and therefore division of labor is done perfectly by assigning each task to specific workers who are specialized in the area hence maximizing efficiency of production. Division of labor increases production, reduces production cost, saves time, ensures utilization of machinery and also ensures production of quality products.
Importance of division of labor to capitalist economy
In the current global economy, capitalism is the most well know economy. It is characterized by private ownership of means of production and property by companies and individuals. In this type of economy, the government has limited role to control and management making it a liberal economy where the free market determines demand, supply and pricing of commodities (Baumol & Blinder, 2015). Classic example of countries with capitalist economy is USA, Singapore and Germany among others. Division of labor has been highly used in capitalist economy where workers are assigned tasked in the area of specialization. Division of labor enables maximization of profit in a capitalist economy. Companies and investors transact in the economy with the motive of profit maximization and with the division of labor they are able to fully utilize resources to ensure maximum production of high quality products in the market. Another importance of division of labor is making companies competitive in the economy which reduces monopolies and therefore been the pr ...
Environmental scanning an imperative for business survival and growth in nigeria
Production Employment and Competitiveness
1.
2. PRODUCTION
Definition :
Production is the activities and processes used in making tangible
products. It also known as manufacturing.
Therefore, production is The Transformation Process.
The Transformation Process is consist of Input and Output
Input is the resources such as labor, land and capital.
While output is the goods, services and ideas that result from the
conversion of inputs.
4. The example of relationship between production, employment and
competitiveness.
Input
Labors
Land
Capital
Materials
Warehouse
Trees
Knowledge
Furniture
Output
The Transformation Process of Factory of Furniture Making
Production
Cutting
Varnishing
Storing
Measuring
Routing
5. There was three type of production :
Primary Secondary Tertiary
Extractive
Industries, Fishing,
Forestry, Mining
Manufacturing and
Construction,
Chemical, Textiles,
Shoes
Provide service
commerce or
Direct service
6. EMPLOYMENT
Definition :
Employment is a contract between two parties, one being the
employer and the other being the employee.
The employer conceives of productive activity.
The employee contributes labor to the enterprise.
7. The success of a company also depends on the workers. For example,
the chart below that shows interest in a company :
BUSINESS
Staff
Systems
StrategyStructure
Skills
Style
10. Internal competitiveness is the competitive between the employees
to shows of their advantages.
The reason why the employees will involve in competitiveness term :
Salary
Self-fulfillment
To grab a title of the best worker
Responsibility
External competitiveness is the competitive between a companies
to attract consumers.
The reason why the companies will involve in competitiveness term :
To present the best product
To present the best service
Money
Rolling of capital