MN101_Lecture_4-1

MN101_Lecture_4-1 - MN101: Business Analysis and Decision...

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1 MN101: MN101: Business Analysis Business Analysis and Decision Making and Decision Making
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2 Lecture 4 Lecture 4 : : How Markets Work –using cost How Markets Work –using cost recovery recovery 1. Aims Reinforce the use of the value added framework Broaden our understanding to incorporate the use marketing concepts Modestly analyse product groups Introduce the concept of ‘cost recovery’ Dovetail into the workshop discussion
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3 The Story So Far…. The Story So Far…. Germany and Japan expanded manufacturing output UK and US -no output growth in over 20 years Differences in outcome : Japan: 7-fold expansion in manufacturing output but modest employment growth –not on the same trajectory as output Germany: output expansion greater than UK and US but much lower than Japan. Output expansion arrests but does not prevent employment loss UK manufacturing output: fluctuates in a recession but recovers during an economic upswing. Overall no growth and erosion in the employment base US manufacturing output: violent fluctuations with the economic cycle but very modest output expansion. But employment is maintained We’ve also observed that value added sustains employment
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MN101_Lecture_4-1 - MN101: Business Analysis and Decision...

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