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1. In search of productivity
Over the course of the 20th century, accelerating technological development and constantly evolving management methods have enabled the average consumer to benefit from the considerable productivity gains achieved in the various economic sectors. Inflation aside, these gains are obvious.
In 1900, the cost price of a hand-built car was $1,000. In the 1920s, the introduction of mass production methods brought this price down to less than $300 – the famous Ford T. In the last decades of the 20th century, as the quality and performance of motor vehicles improved by leaps and bounds, their real price fell by 50% . The same trend applies to all industrial...
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In search of productivity
The industrial company evolves
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