Topic > The Core of Fordism

The core of Fordism is the concept of mass production fueling the growth of a mass market. Production is highly structured with a pyramid management structure. It usually provides a national market that focuses on supply (production) and the expectation that the market will absorb the production. This is related to production cycle times that last weeks, if not months, to adapt to fluctuations in demand, as well as information flows (such as sales data) that are slow and delayed. A Fordist company usually expands through vertical (upstream or downstream) or horizontal (buyer) completion. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Forging's main assets are physical assets such as factories and machine tools that account for a large share of the total capital investment. Value (supply) chains tend to be discontinuous, suggesting that many parts and finished products are held in inventory to accommodate longer production times (lead times) and difficulties in fur distribution. Product lifecycles have been designed over the past few years (if not decades) with limited adaptations to product characteristics. While efforts are made to ensure a reasonable level of quality, defects will be expected and defective products will be returned. Those who believe that stable post-Fordism has already emerged or at least is feasible see its main characteristics: Flexible production based on flexible machinery or flexible systems and workforce; A sustainable growth model based on flexible production, economies of scope, increasing the income of skilled workers and the service class, increasing demand among the best for diversified goods and services, increasing earnings on a permanent full utilization of flexible production capacity, reinvestment in more flexible production equipment and techniques and new product sets, and so on. ;The growing economic polarization between hospital workers and unskilled workers, as well as the reduction of national or industrial collective bargaining; The rise of flexible, lean and networked businesses that focus on their core competencies, building strategic alliances and relying on many other activities; The dominance of hyperlinks, entrenched private bank credit, and forms of cyber incidents that circulate internationally. The inclusion of public finances in international money and currency markets; The transition from post-war welfare states (as described by John Maynard Keynes) to political regimes more committed to international competitiveness and innovation, with full employability. Growing concern about the governance of local, regional, supranational and/or global economies.