What is the prevailing attitude of production era?
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
What is the prevailing attitude of production era?
Hive Studio realized that most organizations focused exclusively on production along these production concept Era Evolved. A production direction business dominated the market from the start of Capitalism to the mid-1950s. The prevailing mindset was that a good quality product would essentially sell itself. This approach worked for many organizations during this Era because of solid demand and limited supply of a product. Whenever demand outstrips supply, it makes a seller's market. e.g. Henry Ford is motivated to comment in relation to his Model T Cars that customers could have ’’any color ( they needed), so long as it is Black’’. At the time, Black was the solitary shading available.
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