"Quality of Working Life" (QWL) is a term that had been used to describe the broader job-related experience an individual has. The modern version is probably best expressed in the terms of quality of work life. The stress of modern work life is often so stressful that it has become so imperative to strike a balance between work life and personal life. The underline assumption is that the work life balance ultimately insures quality of work life. Organizations, in the past gave more importance on advanced technology for higher productivity surpassing the needs and mental state of its employees.
the manufacturing process should be economically sound, that is it should be economically efficient. We live in a world where industries pay a lot of attention towards economy, therefore it is very important for these processes to be economical. According to the definition for sustainability, the three main spheres taken into consideration are economic, environmental and social. From the above brief on manufacturing processes it is clear that three specific spheres are taken into consideration, therefore it is fair to say that manufacturing processes should be sustainable. Sustainable manufacturing is defined as “the creation of manufactured products that use processes that minimize negative environmental impacts, conserve energy and natural resources, are safe for employees, communities, and consumers and are economically
Every nation will achieve progress towards strong and effective infrastructures development. Infrastructures are dividing into economic infrastructure and social infrastructure. Economic and social development process depends largely on the available resources. However, Public infrastructure is necessary to rising industrial-driven economy. Public Private Partnership is one of the authorized strategies purposed to rally the industrial economic need and not reducing the social needs of the community(Markom & Ali, 2012).
So could supplies, orders, or cash. Constraints control output whether we acknowledge them or not. When properly recognized and managed, constraints can provide the fastest route to the significant improvement and form the foundation for constant growth. When organization ignored it, the constraint may lie idle, wasting large amounts of company’s capacity. A loss control constraint may also cause disorder on delivery schedules and cause unexpected delays.
Telecommunication improves people�s life many ways such as in health, news broadcasting, economy etc. In the aspect of economy, telecommunication plays a vital role in its development. The pros and cons of telecommunication as a catalyst for economic development is too many to be mentioned, relating to Nigeria being a developing country, improving the telecommunication sector will go along way the development of its economy.
Infrastructure is essential to a nation for it can provide quality education, health care and protection, transportation, more resources, easier travelling, trades, business. It could also connect peoples, support communities, generate job. Infrastructure could support these making it able to boost an economy with ease. Educational facilities, hospitals and also military installations are examples of infrastructure. So does roads, railroads, airports, and ports which then supports local and international travel.
There are wide acceptance of the idea that human capital is one of the vital factor of economic success on both the countryl level and the individual level. Having a healthy workforce is crucial for the survival and development of the community. Societies and countries that are composed of healthy individuals become the driving force of development and growth. Because other production factors have a certain limit. For example, land is limited in the world.
Kindleberger observed that major part of the productivity in any developed country was due to the presence of positive technological change. Technological change has many facets including creation of new products, improvising old production processes and quality and efficiency gains from existing products. Cars, lights, computers, software can be or in fact are the products which during positive technological change are improvised in the sense that their cost remains constant or decreases and it shows the Economy is improving. Every form of efficiency in the higher production of commodities results in the higher and better production especially in the specialized goods. These goods are then provides a best source of exports productivity showing huge economic
The prosperity of a country depends directly upon the development of agriculture and industry. Agricultural production, however, requires irrigation, power, credit, transport facilities, etc. Industrial production requires not only machinery and equipment but also skilled manpower, management, energy, banking and insurance facilities, marketing facilities, transport services which include railways, roads, and shipping, communication facilities, etc. So, Adequate quantity, quality and reliability of infrastructure are key to the growth of any economy. All these facilities and services that help in industrial and agricultural production constitute collectively the infrastructure of an economy.
This payment will obviously benefited the manufacturer as it can finance the process of production or other investment projects. Apart from that, it will also finance the manufacturing expenses and stabilize the production process. c) Stabilizing the Price of Manufactured Goods During the conclusion of the contract, sound and thorough calculation must be made between the buyer and seller before the production commence. In this situation therefore, buyer in Istisna ' contract is fully aware of what he has to pays and that it commensurate the right price. On the other hand, the seller or manufacturer wants the market to continually progress in a stable manner in order to secure regular demand for his merchandise.