Definition, Meaning & Synonyms
post-fordism
noun
/ˌpoʊstˈfɔːrdɪzəm/
Definition
A term used to describe the economic and social systems that emerged after the Fordist model of mass production, characterized by flexibility, decentralized production, and increased reliance on technology and information.
Examples
- Post-fordism emphasizes the role of technology in transforming production methods.
- Many industries have transitioned to post-fordism to remain competitive in the global market.
- The rise of the gig economy is often associated with post-fordist labor practices.
Meaning
Post-fordism refers to a shift in manufacturing and production processes towards more flexible systems that adapt to changing consumer demands and focus on specialization and quality over quantity.
Synonyms
- Flexible production
- Post-industrialism
- Networked production
