Question

Del Vecchio, the Italian entrepreneur's business principles include all but one of the following:

A) "Made in Italy" is important.
B) cutting costs to keep production at home.
C) investing in automation.
D) hiring qualified personnel.
E) investing in Robots, not workers.

Answer 1

Del Vecchio's business principles include keeping production in Italy, cutting costs to maintain domestic production, investing in automation, and hiring qualified personnel, while not advocating for replacing workers with robots.

Step-by-step explanation:

The Italian entrepreneur Del Vecchio's business principles focus on sustaining the 'Made in Italy' brand, which implies a commitment to keeping production in Italy. This involves cutting costs in other ways to maintain production domestically rather than offshoring or outsourcing. Del Vecchio does endorse investing in automation and hiring qualified personnel to maintain quality and efficiency in production. Unlike the high automation suggested by the inquiry, Del Vecchio's principles would prioritize workers over robots, seeking a balance between technological advancement and human expertise. Although there is a focus on mechanized work environments and automation, as shown in the context of a bread company that automated its packaging process, Del Vecchio's principles do not suggest investing in robots at the expense of workers.