Some years ago, General Motors installed industrial robots worth billions of dollars in its automobile assembly lines

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Some years ago, General Motors installed industrial robots worth billions of dollars in its automobile assembly lines believing that the robots would increase the efficiency of its manufacturing processes and improve profitability. In fact, General Motors lost many billions of dollars more despite the fact that it was able to make automobiles more quickly using the robots. What reasons can you think of to explain this paradox?

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Cost Management Strategies For Business Decisions

ISBN: 12

4th Edition

Authors: Ronald Hilton, Michael Maher, Frank Selto

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