EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 1, Problem 10PA
Summary Introduction
Interpretation:Impact and challenges posted on operations management by a friction-free economy.
Concept Introduction:The ideology of friction-free economy was first brought under the spotlight by a much known personality in the field of information technology. According to him, internet style electronics would continue to lower the frictions in the economy in the times to come. Accordingly, a friction-free economy is one that has no or minimal barriers with regard to economic operations at global level.
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