The chapter notes there are key differences between
economies of scale and learning effects
. Let us put that into practice with a brief example. A company such as Intel has a complex design and manufacturing process. For XXXXXXXX, one XXXXXXXXXXX XXXX for semiconductors typically XXXXX more XXXX $1.5 XXXXXXX XX XXXXX. Yet the XXXXXXXX also has XXXX human costs XXX XXXXXXXX and development (X&XXX;X) departments. XXXXXXXXXXXXX XXXXX XXXXX an XXXXXXX of XX XXXXXXX of XXXXXXXX on R&XXX;X. For XXXXXXXXXX, the automobile industry spends a mere X percent of sales XX X&XXX;D. XXXX, Intel’s management must be XXXXXXXXX XXXX XXXX scale of XXXXXXXXXX XXX learning curves. When do you XXXXX XXXXXXXX XXXXXX XX XXXX concerned XXXX large-scale production runs, XXX XXXX XX you XXXXX XXXX should XX most XXXXXXXXX with XXXXXXXXX XXXX XXXXX XXXXXX or hinder XXX hiring, training, and retention XX key employees?
XX the first step XXXXXX XXXX divided the XXXX and XXXX XXXXXX the job description XX XXXX as XXXXXXXXXXXXXX, XXXXXXXXX XX the need of the firm. Therefore, XXX XXXXXX XXXXXX who XXX XXXXXXX in XXX field, XXXX only XXXXX for it. XXXX if XXXX are experienced XXX having sound XXXXXXXXX about the process, they XXXX XXXXXX adopt to XXX work XXX process. XX XXXXX XXX XXXX XXXXXX XXX XXXXXX XXXXXXX XXXXX the XXXXXXX and XXXX, they will be provided XXXXXXXX with experienced and professional XXXXXXXXX along with XXX HR XXXXXXXX. All XXX XXX comers XXXX be XXXXXXXX XXXXXXXXX XXXXXXX. And few of the employees will be sending to XXXXXXXX program. XXXX the people learned XXX process XXXXXXX XXXXXXXX, they will assign XXXX. XXXXXXXXX XXXX XXXXXX different strategies XX XXXXXX key XXXXXX in XXX firm. XX XXXX XX XXX firm XX a global reputed XXX XXXXXXX XXXX, and XX XX are XXXXXXXXXX all ethical and moral practices, XXXXXX good XXXXXXX, then people will be with XX only. XX XXXXX is someone XXX XXXXXX key XXXXXX, XXXX XXXX XX provided some XXXXXXX XXXXXXXX and XXX-XXXXXXXX benefits.
Below is XXXX XXX managers XXXX XX be more XXXXXXXXX XXXX XXXXX-scale production runs
-The XXXXXXXXXXX XX XXXXXX XXXX XXXXX due XX the XXXXXXXX XXXXXX in the XXXXXX production runs
-XXX XXXXXX XX XXXXXXXXXX in the XXXXXXXXXXXXX processes and XXX XXXXXXXX deviations in XXX process that would lead XX defective XXXXXXXX
-XXX XXXX amount XX capital investment XXXXXXXX in XXXXXXXXX and building the production lines
-Difficulty in XXXXXXXXXXX the XXXXXXXX
--Difficulty in supervision XX XXX XXXXXX XXXXXXXXXX lines
XXXXX XX when XXX XXXXXXXX need XX XX more XXXXXXXXX employee hiring, training XXX XXXXXXXXX
-XXXXXXXXXXXXXXX among employees XXX to XXXXXXX motivational XXX XXXXXXX factors which XXXXX result in below XXX XXXXXXXXXXX and even leaving XXX XXXX
-Learning curves of the employees
-Identifying training XXXXX and XXXXXXXXX the required training XXX both the firm as well XX individual development
-XXXXXXXXXXX of XXXXXXXXX XXXX XXXXXXX skills
XXXXXXXX
XXXXXXXXX, X. X. (XXXX). XXXXXXXXX XXXXXXXXXX: Concepts and Cases. XXXXXXXXXX, XXXXXXX: McGraw-XXXX Europe.
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