Some advantages of the division of labor include increased worker efficiency and lower production costs, while some disadvantages include decreases in employee motivation and individual workers slowing the production process. The concept of the division of labor was first put forward by Adam Smith as a means to increase economic growth. He reasoned that employees could work faster if job tasks were broken down and assigned to specific workers.Continue Reading
One key advantage of the division of labor is that worker output can increase exponentially. If an employee performs the same set tasks each day, then he becomes an expert at his job over a period of time. As a result, he takes less time to complete each task and thus can complete more tasks overall. Also, from an employer's point of view, fewer resources are spent updating employees on new tasks because they do not change working roles.
However, the division of labor can cause the workforce to lose motivation because there is little chance of career progression. Performing the same tasks every day can become repetitive, and once enjoyment declines, production may also follow. Additionally, as each worker is in control of a specific part of the production line, all it takes for the whole process to go astray is for one employee to make a mistake. Then, others cannot complete their tasks.Learn more about Business Resources
The advantages of delegation include developing other workers into better managers, freeing up time, improving motivation and morale, helping in timely completion of tasks, enhancing decision-making and allowing productivity. The disadvantages include a lackluster performance of a worker, lack of enough time to train a worker and the risk of choosing the wrong person. Using the authority of delegation effectively will ensure the best results from a workforce.Full Answer >
The advantages of a monopoly include reducing resource waste, improving efficiency due to better investments, providing discounts to the economically weak and investing in research and development; some disadvantages include poor service, low quality goods and higher prices, no consumer sovereignty and no competition. When a monopoly has low competition, this may result in consumers getting goods that are either out of date or low in quality.Full Answer >
According to the Bureau of Labor Statistics, labor productivity is a measure of the efficiency of the labor used in the production of goods for a nation or company. This is derived by dividing the value of the goods produced by the number of man hours needed to produce them. The result is shown as productivity per hour.Full Answer >
The advantages of using agrochemicals include increased pest and disease control, better delivery of fertilizers, along with lower labor costs associated with weeding. This leads to better quality crops, higher yields from multiple yearly crops and lower prices for producers and consumers.Full Answer >