Increasing global competition and labor productivity: lessons from the U.S. automotive industry

摘要: Increasing global competition is changing the environment facing most companies today. As trade barriers fall and transaction costs decline, new competitors are entering previously more isolated domestic markets. In response to this intensified competitive pressure, local pushed enhance performance by innovating adopting process product improvements. This sector dynamic leads higher productivity, which, in turn, can create sustainable advantages for companies, as well being important driver of job creation per-capita income growth economy. link has been established McKinsey Global Institute’s extensive country productivity research. ; Our study goes further than previous research focusing on how increasing growth, using U.S. automotive manufacturing a case example. More specifically, we have focused production vehicles U.S., including parts assembly. We chosen example because globally nature market size over our period analysis. shall see, some non-US original equipment manufacturers (OEMs) had clear which enabled them significant pressure market.