Question

Explain the meaning of specialization and division of labor

Answer 1

Job specialization is most commonly referred to as the division of labor and refers to a method of industry in which large tasks are divided into smaller tasks, and those tasks are performed by specific employees or various groups of workers. Specialization in large-scale operations such as automotive manufacturing is highly beneficial, because it allows employees with different skill sets to perform a particular function effectively. Specialization, however, is often of value to small business owners who are involved in that profitability.

The concept behind labor specialization is to build what is known as "size economies," in which a productivity increase reduces the overall cost of producing a product. If workers are trained to execute one task instead of trying to perform a variety of tasks, they appear to quickly master the one task and become much more effective. You are also competitive when they are effective, and one of the big benefits of specialization is that it frees the employees to concentrate on doing one thing and doing it well.

You 're wasting money when you waste time doing something other than making your products or improving your services because you can't sell something you haven't produced or developed. You save precious time by implementing a smart division of labor plan.