Specialisation

Specialisation

  • Created by: freya
  • Created on: 28-01-14 20:47

Specialisation

Advantages

  • highly skilled in one area
  • smaller competition from potential employees
  • higher pay if skill is rare
  • may be offered training
  • increased output for firm
  • increased quality
  • more efficient = lower cost

Disadvantages

  • only able to be employed in one area of business
  • less work opportunities
  • non-transferable skills
  • limited job range
  • may loose jobs to machinery
  • company limited to one product
  • training costs
  • bored workers
  • higher wage demands

Evaluation

Specialisation is more effective, the wider the scale which it occurs, i.e. maximum efficiency would see countries utilising comparative advantage and the labour market holding the confidence to train specifically for these jobs.

Comments

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Specialisation

Specialisation

  • Created by: freya
  • Created on: 28-01-14 20:47

Specialisation

Advantages

  • highly skilled in one area
  • smaller competition from potential employees
  • higher pay if skill is rare
  • may be offered training
  • increased output for firm
  • increased quality
  • more efficient = lower cost

Disadvantages

  • only able to be employed in one area of business
  • less work opportunities
  • non-transferable skills
  • limited job range
  • may loose jobs to machinery
  • company limited to one product
  • training costs
  • bored workers
  • higher wage demands

Evaluation

Specialisation is more effective, the wider the scale which it occurs, i.e. maximum efficiency would see countries utilising comparative advantage and the labour market holding the confidence to train specifically for these jobs.

Comments

No comments have yet been made