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Although after reading Learning Curves and the Cyclical Behavior of Manufacturing Industries, I would have to say that maybe the 110 percent might not be so bad after all, of course in the paper it states that this is relative to the type of market you are in. In the article it states that if the market is in a recession than you might not want to introduce new technologies to your workforce as you would want to do it more in a time of boom, “where high rate of production enables the firm to learn more quickly about the new technology.” So to answer the question which percentage would I choose I would have to say that it depends on the market but if the market is in a boom then I think I would try something as the addition of new technology to keep the business profitable and current with new technologies and business practices...
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Common topics in this essay:
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