Discuss impacts of the industry revolution

Assignment Help Business Management
Reference no: EM132985936

It has been said that the Industrial Revolution was the most profound revolution in human history, because of its sweeping impact on people's daily lives. The term "industrial revolution" is a succinct catchphrase to describe a historical period, starting in 18th-century Great Britain, where the pace of change appeared to speed up. This acceleration in the processes of technical innovation brought about an array of new tools and machines. It also involved more subtle practical improvements in various fields affecting labor, production, and resource use. The word "technology" (which derives from the Greek word techne, meaning art or craft) encompasses both of these dimensions of innovation.

The technological revolution, and that sense of ever-quickening change, began much earlier than the 18th century and has continued all the way to the present day. Perhaps what was most unique about the Industrial Revolution was its merger of technology with industry. Key inventions and innovations served to shape virtually every existing sector of human activity along industrial lines, while also creating many new industries.

Question:

Discuss FIVE (5) impacts of the Industry Revolution 4.0 on business.

Reference no: EM132985936

Questions Cloud

Sales and marketing department of mariposa real estate : A few months ago, Arielle Cruz, Head of the Sales and Marketing Department of Mariposa Real Estate, formally announced to her staff that she will be leaving the
What was the amount of cash flows from operating activities : What was the amount of cash flows from operating activities? Sold merchandise on account for $25,000. The inventory sold had cost $14,000.
Do alternate medical treatments work effectively : What are the reasons for drug prices being so high in the United States as compared to other advanced nations globally?
Find how events affects company financial statements : Paid $90 cash for freight to trucking company.How each of the events affects the company's financial statements, using the horizontal financial statement model.
Discuss impacts of the industry revolution : It has been said that the Industrial Revolution was the most profound revolution in human history, because of its sweeping impact on people's daily lives.
What is agency theory : -Name a company that you feel has an ineffective board of directors. Why do you feel that way? What could the board do to improve your perception of them?
Prepare an income statement and statement of cash flows : Hardt Corporation began business operations and experienced. Prepare an income statement, balance sheet and statement of cash flows for 2012.
Different types of product diversification : Company analysis - Choose a company, any company. Differentiate between the different types of product diversification.
How you have conducted resource allocation : In your Microsoft Word proposal report, describe how you have conducted resource allocation (time constrained)

Reviews

Write a Review

Business Management Questions & Answers

  Purposes of routing data through interconnection

(1) An address that identifies both a network and a host for the purposes of routing data through interconnection of networks is?

  Different selection methods to select entry level business

1. A company used three different selection methods to select entry level business process analyst:

  Describe the importance of providing health care students

Consider a scenario where a health care organization has an ongoing problem with the hospital staff's lack of training and education in language interpreter skills, resulting in having friends or family members doing the interpreting.

  Imperatives for studying intercultural communication

Then discuss how each of the imperatives you explained affects our understanding of intercultural communication.

  What is the firm cash flow from operating activities

What is the firm's cash flow from operating activities, using the data above?

  Emergency economic stabilization act

Research Wachovia Bank analysis, and drawing conclusions on a commercial bank that was identified as "too big to fail" during the 2007-2009 financial crisis.

  Company pretax cost of debt-too young inc

The bond currently sells for $1,877 and matures in 19 years. The par value is $2,000. What is the company's pretax cost of debt?

  Understand the multitude of structures

It is important to know and understand the multitude of structures, roles, responsibilities and differences in the governance of a health organization.

  Describe the ethics of the of?cers of the ?rm in this case

What would you have done? Volunteered the information or stayed silent? Describe the "ethics" of the of?cers of the ?rm in this case.

  Negligent in the care of the patient

Can Risk Management at Hospitals prove whether a physician and the hospital were negligent in the care of the patient?

  What role does performance evaluation play

What role does performance evaluation play in deciding if strategic corrective adjustments are needed?

  Consumers to make telephone calls over the web

Skype is a software application that allows consumers to make telephone calls over the web.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd