MGMT 1 Lecture Notes - Lecture 12: Lean Manufacturing, Mittelstand, Operations Management
Document Summary
Lecture 12, part 1: productions and operation management (chapter 9) Us economy is now dominated by service sector. Job loss in manufacturing sector (output from manufacturing is increased while jobs are being lose because of the increase in productivity; this means that machines are efficiently producing products) Don"t need as many workers to product the amount of tangible products. Some jobs are coming back to us (higher wages in developing countries is the reason why manufacturing jobs are returning to the us) Using shipping containers grow lettuce and produces. Always number 1; always right; always the first priority. Incredibly strong manufacturing sector, including many small business (mittelstand) Pride of being part of the mittelstand. Long and proud history in manufacturing (vocational training) The green economy is worth more than billion annually and is expected to reach. Consumers like products that say all natural, locally grown, energy efficient, etc. The market for new green products and services is almost endless.
