What is Neo-Fordism?

Answer 1

Fordism, named after Henry Ford, is a notion of a modern economic and social system based on an industrialized and standardized form of mass production. The concept is used in various social theories and management studiesabout production and related socio-economic phenomena.[

1]

It is also related to the idea of mass consumption and changes of working condition of workers over time. Nowadays different theoretical positions assume that Fordism has either been replaced or continues to exist in various forms.

Post-Fordism (also named Flexibilism) is the name given by some scholars to what they describe as the dominant system of economic production, consumption and associated socio-economic phenomena, in most industrialized countries since the late 20th century. It is contrasted with Fordism, the system formulated in Henry Ford's automotive factories, in which workers work on a production line, performing specialized tasks repetitively. Definitions of the nature and scope of Post-Fordism vary considerably and are a matter of debate among scholars.

Post-Fordism is characterized by the following attributes:[

1]

• Small-batch production
• Economies of scope
• Specialized products and jobs
• New information technologies
• Emphasis on types of consumers in contrast to previous emphasis on social class
• The rise of the service and the white-collar worker
• The feminization of the work force

source: wikipedia...

Answer 2

Neo-Fordism is an economic model that combines elements of traditional Fordism (mass production, standardization, and high levels of consumption) with newer features like flexible production systems, just-in-time manufacturing, and lean management techniques. It is characterized by an emphasis on efficiency, quality, and customer satisfaction, while also incorporating elements of globalization and digital technology.