|
Characteristics of the Technical Revolution
►
The
industrial mass production necessitates long term
economies of scale with levels of concentration and
industrial organizational structures.
► Competition has
moved away from exclusive leadership product
invention and innovation to competition for
process of production. Technology which includes
organization management product systems,
marketing system, quality control is now
important.
►
Dynamic industries are now no longer dominated by
natural resources- metals, minerals and energy but
are manufacturing industries that are based on
electronics, new materials, biotechnology and
chemicals.
The revolution in information and communicating is
still vital. |
