Precision is the need of the hour. Today, the international market teems with customers, who are
more allured to quality, than ever before. Each day, leaves the planners and executing wing of the nations,
sleepless. This is an outcome of ‘Necessity is the mother of invention’.There has been a growing competition
in the world market, but tinged with innovation. Again, the market, today, differs from the market of the
preceding years. Earlier, the market strategy and innovation, survived, at least, for a period of time. But,
these days, things have taken a different turn. The global trend, under the umbrella of globalization, has
changed its rhythm. It seems to be singing a different song. The market, with its traders, witness not a
prolonged innovation, but the one that has been changing its shape, within a short span of time.
The sweeping awareness among the large part of the world population, and the increase in the
purchasing power of the consumers, across the globe, has made the world market, an emanating point for
products, tinged with a renewed innovation, which might reach upto the expectation of the customers.
The changing demands of the consumers, and the market trends, will bring a corresponding change in
the manufacturing strategies of the entrepreneurs and the managing body. The manufacturing sector and
tertiary sector as well, will look for highly skilled workforce, who would get negotiated for a cost-effective
salary. The two-pronged approach will take into its ambit both precision and low wages. The aim would be
to enhance the quality of the product and the services , and at the same time, trying to bring down the cost of
input.
Frequent orientation programmes and training sessions will be conducted to update the skills of the
workers. Intermittent meetings would be conducted to season the minds of the administrative rungs of the
hierarchy.
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