post-Fordism

British  

/ ˌpəʊstˈfɔːdɪzəm /

noun

1. the idea that modern industrial production has moved away from mass production in huge factories, as pioneered by Henry Ford, towards specialized markets based on small flexible manufacturing units

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Other Word Forms

• post-Fordist adjective

Example Sentences

In contrast to an increasingly dated vision of a world of mass production and standardisation, the magazine’s writers described the changes wrought by a new reality of small economic units, franchising, outsourcing, self-employment and part-time work – most of it driven by companies and corporations with a global reach – which they called “Post-Fordism”.

From The Guardian

In its British incarnation, the idea of post-Fordism was the work of an economist called Robin Murray – another thinker who had cut his teeth in the tumult of 1968, and who based his thinking in the real world, rather than theoretical abstractions.

From The Guardian