MGT 5031 ASSIGNMENT 4

Running head : Automobile Industry

Evolution in the Automobile Industry in 20th Century

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Abstract

The automobile industry has led to an improvement in the socio-economic development globally . It is considered as the greatest industry worldwide which is the key driver of economies in many countries . In most countries that are developed , it has substantially contributed to the GDPs and offered employment to many people . This industry has however gone through a lot of evolution especially in the 20th century Most of these

changes have been seen in the management and organization of such companies . This paper explores the transformation of the automobile industry in the first half of the century and the concept of scientific theory that has been applied in this industry

The automobile industry has gone through a lot of transformation since its beginning in Europe in 1800s . This evolution continued to occur with time in different areas across the world . Most manufacturers strived to ensure mass production of automobiles . This was a demanding task that included different aspects in the production line such as labor technologies used and management . Most companies and industries usually attribute their success to their employees . The speed of production and efficiency is an important aspect that continues to transform the automobile sector . Most managers in this industry have thrived to achieve this in various ways . The expectations of the consumers have continued to rise with time . Therefore , the automobile industry has continued to change and transform itself in...