Wednesday, 15 November 2023

RM Moment #8:

RM is a process that is based on a socio-technical system. One of the major flaws in implementing RM in an organization is to take only into account the technical system part and disregarding the socio-organizational system component of it.


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Wednesday, 1 November 2023

RM Moment #7:

The optimal price is obtained when marginal revenue equals marginal cost. In companies with flexible production, this is relatively easy to calculate compared to companies with inflexible production. This is one of the biggest challenges in companies with inflexible production, or, if you prefer, candidates for the implementation of RM, because it is necessary to consider the marginal opportunity cost.


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