ABSTRACT
Investments in advanced manufacturing technology (AMT) have been seen as the answer to improving the competitiveness of UK manufacturing industry. The investment performance of the UK manufacturing sector has been inferior to that achieved by other industrial countries (CBI, 1991). Schonberger (1986) however argues that substantial gains have been achieved without extensive investments and raises the question whether higher investments are required for further productivity. He concludes that unless investment is managed properly, this will detract rather than improve financial performance. Similarly, Beatty (1992) argues that technology must be managed effectively and its use and introduction is crucial in an organisation’s performance.
