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Managerial Practices in a High Cost Manufacturing Environment: A Comparison with Australia and New Zealand

Managerial Practices in a High Cost Manufacturing Environment: A Comparison with Australia and New Zealand

Renu Agarwal, Christopher Bajada, Paul J. Brown, Roy Green
Copyright: © 2014 |Pages: 22
ISBN13: 9781466658288|ISBN10: 1466658282|EISBN13: 9781466658295
DOI: 10.4018/978-1-4666-5828-8.ch011
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MLA

Agarwal, Renu, et al. "Managerial Practices in a High Cost Manufacturing Environment: A Comparison with Australia and New Zealand." Global Perspectives on Achieving Success in High and Low Cost Operating Environments, edited by Göran Roos and Narelle Kennedy, IGI Global, 2014, pp. 268-289. https://doi.org/10.4018/978-1-4666-5828-8.ch011

APA

Agarwal, R., Bajada, C., Brown, P. J., & Green, R. (2014). Managerial Practices in a High Cost Manufacturing Environment: A Comparison with Australia and New Zealand. In G. Roos & N. Kennedy (Eds.), Global Perspectives on Achieving Success in High and Low Cost Operating Environments (pp. 268-289). IGI Global. https://doi.org/10.4018/978-1-4666-5828-8.ch011

Chicago

Agarwal, Renu, et al. "Managerial Practices in a High Cost Manufacturing Environment: A Comparison with Australia and New Zealand." In Global Perspectives on Achieving Success in High and Low Cost Operating Environments, edited by Göran Roos and Narelle Kennedy, 268-289. Hershey, PA: IGI Global, 2014. https://doi.org/10.4018/978-1-4666-5828-8.ch011

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Abstract

This chapter explores the management strategies adopted by manufacturing firms operating in high versus low cost economies and investigates the reasons for differences in the management practice choices. The study reported in this chapter identifies a subset of countries that have either high or low labour costs, with USA, Sweden, and Japan being high, and India, China, and Brazil being low labour cost economies. The high labour cost manufacturing firms are found to have better management practices. In this chapter, the authors find that Australia and New Zealand manufacturing firms face relatively high labour cost but lag behind world best practice in management performance. The chapter concludes by highlighting the need for improvement in management capability for Australian and New Zealand manufacturing firms if they are to experience a reinvigoration of productivity, competitiveness, and long-term growth.

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