International Journal of Business and Finance Management Research
ISSN: 2053-1842
Vol. 4(4), pp. 47-55, May 2016



Emergence of service-oriented manufacturing-experiences of world main manufacturing countries

Valerie C.Y. ZHU1,2* and Xin’ping WANG1

1School of Management, Xi’an University of Science and Technology, 58, Middle of Yan’ta Road, 710054, Xi’an, China.
2XJTU/POLYU Knowledge Management and Innovation Center No. 28, West of Xian’ning Road, 710043, Xi’an, China.

*To whom correspondence should be addressed. E-mail: valeriezhu@mail.xjtu.edu.cn.

Received 08 March, 2016; Received in revised form 29 March, 2016; Accepted 04 April, 2016.

Abstract


Keywords:
Manufacturing, Service industry, Industrial development.


Debate about the priority of whether to develop service industry or manufacturing has been lasting for over 20 years. In recent years, there is a clear tendency that more emphasis has to be laid on service development. This paper reviewed the debates and analyzed the footprints of industrial development in the most advanced countries of the world. The results have demonstrated that in take-off period, almost every country chose manufacturing industry as the priority. Looking back to history, it is clear that the development of manufacturing industry is a key benchmark to decide a country’s overall strength and its position in the world. At present, China puts manufacturing industry as the first priority in its economic development. Meanwhile, China must keep a sharp eye on the crises of manufacturing transfer and take the historical opportunity to speed up the development of service-oriented manufacturing.

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