Chapter 10 Reconciling economic prosperity with environmental stewardship
The asset-driven mass production system is a push system
Not considering craftsmanship, the traditional mass production system is product and individual assets performance-driven. Its approach to industrial design is to pre-specify individual asset goals using ROI as a single parameter to evaluate and let them optimize in a push system of dynamic trade-offs and compromises.
The keystone measure is financial with individual asset efficiency aggregating to overall profitability, often at the expense of cash flow, but well supported by a banking and equity market that provides easy access to borrowing and liquidity to support the delay in ...
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