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globalisation and world class manufacturing
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Few subjects have polarized throughout the world as much as globalisation. ... Due to globalisation shaping the new market trends companies are being forced to achieve World Class Manufacturing (WCM) levels. Globalisation and WCM are interlinked concepts that cannot be separated globalisation has resulted in WCM.
Globalisation is a term associated with international community, international relations and sometimes internationalisation. ... Globalisation has intensified the global market place. ...
Globalisation refers to a set of changes, not a one-dimensional change. ... Globalisation pushes down to create new possibilities and motivations. Globalisation is about changing influence of space and time in our lives, with communication revolution distance is wiped out, the value of the money in our pockets is affected immediately by ongoing electronic transactions. Globalisation is an age where things occur faster over greater distances. ... Globalisation is about the increasing interconnectedness of people and societies. “It defines a process through which events, decisions and activities an one part of the world have significant consequences for individuals and communities in distant part of the globe” (McGrew; 1992:2)
Manufacturers always have been competitive, tied as they are to the latest technologies and inventions, from the first manual machines in the year 200 to high tech data communications in 2000. Leaders of manufacturing companies are arguably the most creative and hard driving of business leaders, from Henry Ford to Bill Gates. The basic challenge of manufacturing is to squeeze profit from expensive physical assets this allows only the persistent to survive. Today manufacturing executives face the demands of globalisation and breathtaking technological advances, as well as threats from computer wizards “who are able to capture unprecedented capital valuations” (Doumeingts; 1995:28). The notion WCM means lean manufacturing and employer empowerment that can be implemented in a wide range of industries to improve competitiveness and productivity. WCM is a term for the new forms of work, productive and manufacturing practices assimilated worldwide.
What does it mean to be a world-class competitor? ... The Japanese manufacturers due to their manufacturing domination in the late seventies initiated WCM. ... (IOLS; 2003: World-class manufacturing)
The new market trends, shaped by the globalisation of the economy and the formation of large economic blocks, such as the European Union, NAFTA or MERCOSUR, are forcing companies to achieve WCM, which is systems with high quality standards, but due to the constrainment of environment friendly requirements it is leading companies to rely on cooperation links.
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Paper Information
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Title: globalisation and world class manufacturing
Words: 1810
Rating: None
Pages: 7.2
submitted by: natalienzn
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