SOSC 1000 Lecture Notes - Portfolio Investment, Post-Fordism, Batch Production

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Part of the post war compromise, it will characterize industrial relations during keynesian era. By 1975 fordism is turning into post fordism. 1975-1976 post fordism new paradigm for labour relations. Post fordism- a stage of capitalism characterized by flexible accumulation processes; these revolve around new management practices, flexible manufacturing, and flexible work arrangements. Male bread winning model; semi skilled; full time; unionized. Casual not full time; flexible; unskilled; young; female (esp. in developing world) A happy worker is an efficient worker; work teams-make workers feel like they are part of team; out sourcing production-cut costs wherever possible. Assembly line; adoption of scientific management-doing the same thing over and over again, time study; thinking and doing are segregated, workers do managers think. Producing a standardized product for a mass market. Trade in goods; issues involved were tariffs; firms focused primarily on domestic markets; focus on the gatt. To produce quality product and consumer loyalty to that product.

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