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
ISBN13: 9781522539094|ISBN10: 1522539093|EISBN13: 9781522539100
DOI: 10.4018/978-1-5225-3909-4.ch081
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MLA

Agarwal, Renu, et al. "Managerial Practices in a High Cost Manufacturing Environment: A Comparison With Australia and New Zealand." Operations and Service Management: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, IGI Global, 2018, pp. 1749-1768. https://doi.org/10.4018/978-1-5225-3909-4.ch081

APA

Agarwal, R., Bajada, C., Brown, P. J., & Green, R. (2018). Managerial Practices in a High Cost Manufacturing Environment: A Comparison With Australia and New Zealand. In I. Management Association (Ed.), Operations and Service Management: Concepts, Methodologies, Tools, and Applications (pp. 1749-1768). IGI Global. https://doi.org/10.4018/978-1-5225-3909-4.ch081

Chicago

Agarwal, Renu, et al. "Managerial Practices in a High Cost Manufacturing Environment: A Comparison With Australia and New Zealand." In Operations and Service Management: Concepts, Methodologies, Tools, and Applications, edited by Information Resources Management Association, 1749-1768. Hershey, PA: IGI Global, 2018. https://doi.org/10.4018/978-1-5225-3909-4.ch081

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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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