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The economic dynamics of work

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  • Michael Haley

Abstract

Only by developing management systems based on appropriate standards can a business successfully learn how to improve the technology of work. As a result, a new economics of work is created where the evolution of large organizations makes economic sense. But economies of scale no longer require rigid mass production of a limited product line. Flexibility can be introduced to produce product diversity without losing the efficiencies of standardization. Thus manufacturing can operate more flexibly like a service by learning to apply industrial robots and other smart machines. Service businesses can also learn how to manage more systematically by designing standard menus of operations.

Suggested Citation

  • Michael Haley, 1986. "The economic dynamics of work," Strategic Management Journal, Wiley Blackwell, vol. 7(5), pages 459-472, September.
    • Handle: RePEc:bla:stratm:v:7:y:1986:i:5:p:459-472
    DOI: 10.1002/smj.4250070506
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