The Concept of Division of Labor

Page 1

1 The Concept of Division of Labor Introduction Division of labor is a modern concept of management of human resources in organizations that denotes assigning employees specific roles based on their competencies. Under this system, tasks are split and assigned to each person, group, or office (Munger, 2023). A capitalist economy depends on the efficiency and high production to grow and expand. Therefore, the methods of managing labor should maximize efficiency and effectiveness to optimize profits. In this regard, division of labor is essential to managing human resources to ensure efficiency and high production. Importance of the Division of Labor to a Capitalist Economy Efficiency in capitalism means maximizing production using the lowest number of resources possible. In a capitalist system, where profit-making is emphasized, division of labor is critical in ensuring sufficiency and effectiveness in managing production. Tasks are split and assigned to the best-qualified people to perform. For instance, if two people can bake 1000 pieces of bread a day instead of 10 people, division of labor ensures that each person has specific roles to play in the production process to minimize the need for extra labor to produce 1000 pieces of bread.

Buy this excellently written paper or order a fresh one from ace-myhomework.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
The Concept of Division of Labor by acemyhomework - Issuu