Question

Describe an activity or process or product of your company characterized by learning curves. Describe the source of the learning curve. How could your organization exploit the learning curve?

Answer 1

Answer:

Any product that is standardized product has potential for learning curves. Scientific management talks a lot about developing efficiencies. Fredrick Taylor who was the founder of scientific management says that their is always one best way to do things. All we have to do is find that way and implement it. Furthermore the learning curves comes with continuously doing a single job over and over again. The person assigned such jobs will develop learning curves. Suppose you only teach a single topic which is opportunity cost then you will develop in depth knowledge of the topic and you can answer any question plus you are able now to deliver the concept in very less time. So repetition brings learning curves. Learning curves are more prominent if a single repetitive task is broken down into multiple small tasks and each labor is assigned one of these tasks which results in learning curve.

The best way to exploit learning curve is breaking down single repetitive task into multiple tasks and assigning them to each labour.

This is how we can create learning curves in our organization.