Arrange the following four types of firms as identified by Bolwijn and Kumpe, in terms of their…
According to P.T. Bolwijn and T. Kumpe's (1990) evolutionary model of manufacturing firms from the 1960s to the 1990s, the four types of firms emerged in the chronological…
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Arrange the following four types of firms as identified by Bolwijn and Kumpe, in terms of their emergence starting from the earliest to the latest.
A. The quality firm
B. The innovative firm
C. The efficient firm
D. The flexible firm
Answer and explanation
Correct answer B
According to P.T. Bolwijn and T. Kumpe's (1990) evolutionary model of manufacturing firms from the 1960s to the 1990s, the four types of firms emerged in the chronological sequence: (C) The Efficient firm (1960s, focused on cost) -> (A) The Quality firm (1970s, focused on quality) -> (D) The Flexible firm (1980s, focused on speed/flexibility) -> (B) The Innovative firm (1990s, focused on uniqueness/innovation). Thus, C, A, D, B is the correct sequence.
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UGC NET HRM / Labour Welfare and Industrial Relations