The U.S. economic and social model is associated with substantial levels of social exclusion, including high levels of income inequality, high relative and absolute poverty rates, poor and unequal educational outcomes, poor health outcomes, and high rates of crime and incarceration. At the same time, the available evidence provides little support for the view that U.S. -style labor- market flexib
the superficial external dependence. It is increasing its vulnerability to the external environment while the economic structure has changed. In addition to globalization in a rapidly aging nation, and women's expanding participation in thelabormarket, there are variations in thelabormarket. The realization of equal social welfare, the establishment of industrial democracy and a self-labor mo
of most companies is to quickly produce a product in a cost efficient manner. This efficiency is achieved through the retailers’ understanding ofthe target market's wants, which is a high fashion looking garment at a price at the lower end ofthe clothing sector. Primarily, the concept of category management has been used to align the retail buyer and the manufacturer in a more collaborative r
differentiation only minimal
ex. Elantra over Excel
3) Management problems
-Unrealistic ideas of HMC’s
capabilities in the US market
-Invest in sale incentives,
not brand image
4) Tension between HMC and HMA
-Different goals:
HMA long term image building
v. HMC short term sales
-HMA frustrated because of
autocratic Korean managers
of a single product -> focused on “low-high” technology. (low volumes of many different kinds of products)
Flexible Manufacturing
Four separate “ focused factories”
Cross-trained workers.
Reliable quality with very low defect rates
Self – managed teams
Reduce idle time
Keep the changeover time to minimum
-> 400 workers produce 2.5 times the product values th