1. Company management

1.1 Company purpose and operation

• The vocation of the industrial company is to satisfy customers by selling them finished products, requiring the use of production resources. It is the existence of these means of production that distinguishes it from service companies such as banks, car rental companies...

  In most cases, industrial companies have their own production resources, at least for critical phases, i.e. phases where know-how is decisive and control is essential. Phases that are not considered to be part of the company's core business may be outsourced. The manufacture of products in the development phase may be subcontracted in whole or in part when the manufacturer does not wish to take the risk of a heavy investment before...