Final answer:
To achieve nearly the results of total flexibility in production, a system must be dynamic in resource allocation, have a responsive supply chain, and contain employees ready for new challenges. Flexibility is represented on a Production Possibility Frontier as greater adaptability in the face of changing conditions. Flexibility in career planning involves being open to new ideas and adjusting goals as needed.
Step-by-step explanation:
When adding flexibility to a production system, the goal is to reach a state where the system can quickly adapt to changes in demand, in production requirements, or in the supply chain. In order to approach the results of total flexibility, a production configuration should allow for a dynamic reallocation of resources, a responsive supply chain that can handle variability, and employees who are capable and willing to take on new challenges.
This concept can be related to the Production Possibility Frontier (PPF), which graphically demonstrates the potential production output for two commodities given a set of inputs. When a production system is flexible, the points plotted on the PPF can shift more readily in response to changes, improving efficiency and potentially moving you closer to the PPF's curve, indicating more optimal production options.
On an individual level, being flexible in one's career plans means being open to new ideas and willing to adjust long-term goals based on newly acquired knowledge and skills. This adaptability can be crucial for individual and organizational success in today’s fast-changing employment landscape.