Industrialization Of The Industrial Revolution - 989 Words

The Industrial Revolution, which took place from the 18th to 19th centuries CE, was a period during which predominantly agrarian, rural societies in Europe and America became industrial and urban. Prior to the Industrial Revolution, manufacturing was often done in people’s homes, using hand tools or basic machines. Industrialization marked a shift to powered, special-purpose machinery, factories and mass production. The iron and textile industries, along with the development of the steam engine, played central roles in the Industrial Revolution, which also saw improved systems of transportation, communication and banking. While industrialization brought about an increased volume and variety of manufactured goods and an improved standard of†¦show more content†¦Examine the map carefully. List three factors that would facilitate the emergence of the Industrial Revolution in Britain. ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ ___________________________________________________ Source 3 Excerpt from â€Å"Letter from Leeds Cloth Merchants† (1791) If then by the Use of Machines, the Manufacture of Cotton, an Article which we import, and are supplied with from other Countries, and which can every where be procured on equal Terms, has met with such amazing Success, may not greater Advantages be reasonably expected from cultivating to the utmost the Manufacture of Wool, the Produce of our own Island, an Article in Demand in all Countries, almost the universal Clothing of Mankind? In the Manufacture of Woollens, the Scribbling Mill, the Spinning Frame, and the Fly Shuttle, have reduced manual Labour nearly One third, and each of them at its-first Introduction carried an Alarm to the Work People, yet each has contributed to advance the Wages and to increase the Trade, so that if an Attempt was now made to deprive us of the Use of them, there is no Doubt, but every Person engaged in the Business, would exert himself to defend them. 3. List three factors the Cloth Merchants identified as contributing to the Industrial Revolution in Britain.Show MoreRelatedIndustrialization Of The Industrial Revolution886 Words   |  4 PagesO Sullivan HIS 1102 29 March 2015 Industrialization in Europe Industrialization is a noun given the definition of the large-scale introduction of manufacturing, advanced technical enterprises, and other productive economic activity into an area, society, country (Dictionary.com). Tools have been around forever, but until the industrialization they required human labor to use. Almost every aspect of life was changed during this time. The industrial revolution was first used to describe a new economyRead MoreIndustrialization Of The Industrial Revolution1588 Words   |  7 PagesThe Industrial Revolution is a technological phenomenon that still continues to this day, in the form of its fourth to fifth wave. Ever since the late 1700s, our society has evolved over nearly two and a half centuries, for better or for worse. However, most of the negatives then have disappeared into obscurity and the positives have only grown more and more. So while some might argue that Industrialization had primarily negative consequences for society because of chi ld workers and the poor conditionsRead MoreIndustrialization Of The Industrial Revolution Essay999 Words   |  4 PagesIndustrialization is the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods. There were several people involved in the industrialization process, such as Cornelius Vanderbilt, Andrew Carnegie, John D. Rockefeller, and J.P. Morgan. The Industrial Revolution completely restructured the old America into a completely different place in which we now live in. These changes brought about railroads, manufacturing cities, and population growth;Read MoreIndustrialization Of The Industrial Revolution859 Words   |  4 Pagesworked in farms. In the mid 1700’s events changed the way of life. These events are called the Industrial Revolution. It was a long, uneven process that affected peoples’ lives. Simple tools where changed to complex machines; from human and animal power to electricity. Rural soc ieties became urban. Industrialization brought a variety of goods and an improved way of living to many. Agricultural Revolution is when people learn to farm and domesticate animals. It contributed to a rapid population growthRead MoreIndustrialization Of The Industrial Revolution1635 Words   |  7 Pages Just as it was in the 18th and 19th centuries when the industrial revolution began, today people fear that technology is destroying jobs. Prior to the industrial revolution manufacturing was often done in peoples homes, using hand tools or basic machines. Industrialization marked a shift to powered special purpose machinery, factories and mass production. Yet at this time people feared for their jobs because the machinery resulted in often-grim employment opportunities many people argue that theRead MoreThe Industrialization Of The Industrial Revolution Essay2415 Words   |  10 Pages There are many identifying factors unique to Britain that were responsible for industrial innovation, change, growth and contraction during the period defined by the industrial revolution in Britain. By about 1750 Britain had become a world leader as a trading nation, with London becoming the warehouse of the world. London also had an efficient financial centre selling services such as insurance, including shipping insurance. It is estimated that 600,000 people lived in London at this time and aRead MoreIndustrialization Of The Industrial Revolution1996 Words   |  8 PagesThe Industrial Revolution started advancing in the mid-18th century after many sought new and more efficient methods of production to accomplish the needs of society . The Industrial Revolution brought with it an array of changes: an increase in population, the rise of new building typologies, redistributions of wealth and fluctuations of living conditions. The Industrial Revolution broke out in England with most of the important technological innovations being British ; with the application of reliableRead MoreIndustrializat ion Of The Industrial Revolution1332 Words   |  6 PagesDuring the 18th and 19th centuries, the Industrial Revolution played an integral role in the development of today’s world. Railroads were forming, factories were mass producing goods, medicines were being created, and communication was on the rise. Looking back on this time period, we can see how important all of these developments really were. Mechanization played a major role in the Industrial Revolution as people began to apply reason to manufacturing. Humans were flawed and such machineryRead MoreIndustrialization Of The Industrial Revolution1214 Words   |  5 Pagesthe emergence of the ‘Industrial Revolution’, the great age of steam, canals and factories that changed the face of the British economy forever.† (White, M, The Industrial Revolution). The industrial revolution sparked the development of capitalist economies and as a consequence a division of labour was formed. Therefore the ca pitalist system is seen as a natural consequence of the industrial revolution. The industrial revolution was a period in which societies became industrial due to there being anRead MoreIndustrialization During The Industrial Revolution1577 Words   |  7 PagesIndustrialization – ever changing the face and heartbeat of our society and the world in which we live – since the Industrial Revolution began in Britain (from 1760 until sometime between 1820 and 1840). The improvement of business acquisitions and evolution of trade were essential to the Industrial Revolution. Most of the British population lived in the countryside, in small villages, and interacted closely within their family unit and work. Industrialization, however, drastically altered the

Determining Factors of Reality TV’s Popularity Free Essays

In the article â€Å"Getting Real With Reality TV† published in the 5th edition of Perspectives on Contemporary Issues, author Cynthia M. Frisby argues that the reason that reality TV stays so popular is because of the audiences media gratification from social comparisons in the mass media. According to CBS, the same element of being human that encourages people to gossip about the lives of their friends, family, and even total strangers is what fosters an audience for reality television (292). We will write a custom essay sample on Determining Factors of Reality TV’s Popularity or any similar topic only for you Order Now However she feels that it is something else that creates a reality television audience and it is the social comparison. Frisby believes that despite the shifting desires of society and fickleness of television audience, the human need to compare and relate has provided a market for this genre (294). One major reason that Frisby feels that reality TV stays popular to the audience is because of the benefit of media gratification from social comparison. â€Å"people may compare themselves with others in their immediate environment or in mass media in order to judge their own personal worth (293). Frisby states that individuals compare their selves for various reasons â€Å"to determine relative standing on an issue or related ability; emulate behaviors; determine norms; lift spirits or feel better about life and personal situations; and evaluate emotions, personality, and self-worth (292). There is also the upward comparison in which there is a individual who is superior to or better off another individual, but on the other hand â€Å"self improvement is the main effect of an upward comparison because the targets serve as role models, teaching and motivating individuals to achieve or overcome similar problems (292). Frisby believes that social comparison does not mean that the individual has to give careful, elaborate, conscious thought about the comparison, but implies that there has to be, to some degree, an attempt to identify or look for similarities or differences between the other and self on some particular dimension (293). Theorist argues Frisby’s claim that â€Å"for a comparison to be considered a comparison, the individual must be aware of the comparison and come into direct contact with the other person† (293). In Frisby’s complete a uses and gratification survey she came up with two goals in mind to show that certain television shows may cause social comparison and to show that â€Å"viewers use reality television and images as a source for social comparison† (293). After doing this research she then conducted a analysis of all the thoughts that were given while watching reality television. Frisbys final thoughts were that regular reality television viewers and non reality television viewers responses did not differ. Frisby states â€Å"that one major effect of exposure to reality television is to feel better about ones own life circumstances, abilities, and talents† (294). Whether if the aim of the show is about love, surviving to win money, to become a singer or for other creative expressions the results of reality viewers and non viewers are all the same. Reality television viewers like the fact that they are going through the same problems and that they can compare their living experiences and also can feel at ease that they have once made the same mistakes. Frisby feels as if â€Å"through a vicarious social comparison process (294). That viewers can one day land it big like â€Å"falling in love, winning $1,000,000, or getting the office snitch fired (294). How to cite Determining Factors of Reality TV’s Popularity, Essay examples

Entrepreneurship and New Venture Management

Question: Discuss about the Entrepreneurship and New Venture Management. Answer: Introduction Entrepreneurship refers to the creative way in which one applies the use of available resources in the creation of job opportunity for an individual and others with the aim of making the profit. The person undertaking such kind of commitment is called an entrepreneur. This individual is liable for all the activities carried out in the business, and thus entrepreneur's decision is seen as the principal agent in ensuring the continuity or failure of the firm. On the other hand, new venture management refers to the manner in which one applies one's managerial skills in the business at its incubation stage (McDougall?Covin, Jones Serapio, 2014). It requires a loyal and resilient person since it is still new and thus needs more time for it to be nurtured into maturity. Therefore, the owner should be time conscious and ready to take risks because when a business is starting, it requires a lot of financial support regarding purchasing the commodities and marketing of the venture. Moreover, it is not that profitable, and thus the little revenue obtained cannot sustain it, and one should have savings from other activities to help in boosting the business. The origin of entrepreneurship ideas and opportunities According to an interview carried out with the owner of Juicy Fruits Venture in Melbourne Australia called Jones. He outlines that one develops business ideas when one comprehends that there is an opportunity in the economy. According to him, a jobless person takes the initiative of starting a business with a view of filling the gap which exists. Jones tells the reporter that when he first realized that most people were forced to walk for the longer distance to purchase fruits from the market, he decided to open the business at a strategic locality (McMullen, Wood Kier, 2016). Therefore, benefitting the buyers as well as the sellers since Jones usually takes the fruits at a slightly lower price from the market and making little profits on selling them to the direct consumers. This matter leads us to the next point involving profit-making agenda. It is crucial to outline that every business person enters into the market with the aim of making a profit. According to Jones, the profita bility drive was essence in making him start the venture. Jones further explains that, when he saw the opportunity, the idea of making earnings by purchasing the fruits at wholesale price and further selling them at a retail price thus making proceeds perplexed him and consequently decided to put it on trial (Morris et al., 2015). Despite that, Jones intended to help in the efficient distribution of resources in the economy. For instance, taking the fruits all the way from the market to the designated location signaled the availability of the fruits elsewhere. Additionally, Jones realized that there were a large number of jobless Australians who could help him in the running of the venture. The idea thus led to the focusing on the opportunity and ensuring that it was apprehended so as to help someone else to have a source of living in the state. (Navis Ozbek, 2017). Furthermore, the interview enabled the researcher to understand that entrepreneurial knowledge can also be developed by observing the work of other entrepreneurs. Jones was also driven by the need to own business and manage like other traders in the market, and thus he decided to open up his firm. This interview was quite remarkable in that it exposed one into understanding how different entrepreneurship is developing into becoming a large business organization in various regions globally. Type of entrepreneurship Enterprise exists in four unique categories which include large company, small business, and social and scalable startup entrepreneurship. Foremost, a large corporation is those individual business organizations which have an eternal life cycle. This business grows through the use of innovations on the existing products thus giving the consumers the products which vary regarding brand and quality. They employ the use of modern technology, new competitors, customer taste and legislation in the way of administering trade (O'Connor, 2013). Secondly, the small business entrepreneurship is that which the startups are. It is estimated that majority of the firm lies in this category at 99.7% worldwide. This endeavor is vital in that it offers 50% of employment activities to both the skilled and the unskilled labor force. Such types of businesses include hairdressing, carpentry, plumbing and groceries among many others. The majority uses family or the neighbors as the workforce since they ar e barely profitable thus its sustainability is tedious in nature. The funding of this sort of enterprise is through the family or microfinance institutions. The third type of entrepreneurship encompasses social one. It is most involved with the production of goods and service geared toward solving of the social matters in the community. Most of these types of entrepreneurs are not in the commerce to create wealth, but their primary objective is the betterment of the world (Schaper et al., 2014). The fourth type of entrepreneurship is scalable. It is developed by the entrepreneurs who have the ambitions that one day they will be able to grow big and change the world. They involve themselves in research using different business to acquire knowledge on how they can grow in the corporate world. Conversely, they apply the techniques obtained in attracting investments from similar growth-oriented counterparts in the financial field to loan their businesses. Concepts and the theories in consideration to the characteristics of the entrepreneurs Entrepreneurship is seen as central to the economy and thus forming a field in which most people are interested in developing their concepts and theories. Primarily, there are several concepts and the ideas which outline the features of an entrepreneur. These phenomena include; Israel Kirtzner's theory which states that small business owners start by purchasing of products and selling them through the subconscious discovery of the niche in the market. Besides, he puts across that most of the industrialists' sources of income are majorly through borrowing from microfinance. The issue is associated with the fact that most of them do not have a broad range of solid production which acts as security if at all they were to borrow in developed loaning facilities such as banks (Jiang, Cannella Jiao, 2017). Kirtzner further reiterated that the owner pays back this money to the lending institution with the interests and retain the profits which are miniature to the business. The second schol ar who has helped in enhancing the theoretical framework regarding features of the entrepreneurs is Harvey Lebeinstein. According to him, entrepreneurs portray important traits such as recognizing of the trends which exist in the market and thus making the most appropriate steps in solving the issue brought up by the factors in consideration. For instance, they help in the creation of the new goods demanded by the consumers and thus ensuring the deficiency syndrome of a given commodity is solved (Shepherd Patzelt, 2017). By doing so, they are full of curiosity in determining whether the given endeavor is profitable or not. The solution realized after selling of the deficient product in the market is brought forth to an end. McClelland's theory of achievement motivation is also among many others giving one theoretical perspective on how the spirit of business is developed by the people running small enterprises in the society (Huang Knight, 2017). This scholar outline that people a re always carried by the need for affiliation, power, and achievement and thus these motives drives the entrepreneurs into creating of business opportunities of their own so as to be satisfied in life. The entrepreneurs dream big concerning factors to do with commercial breakthrough; therefore, most indulge themselves in training activities so as to obtain the basics of how they can be successful in running their enterprises. To sum up, Kuratko, (2016) hightlights that, Mark Carson Economic theory is rich in knowledge regarding the features of the small business owners in the society. According to this economist, entrepreneurs are driven by market conditions such as the taxation policy, availability of raw materials, access to information, technology and infrastructural development and the marketing opportunities for their goods. The factors as mentioned earlier can influence their ideas both in negative and the positive perspective though entrepreneurs will always undertake the bus iness since they are risk-takers in nature. According to the report, one realizes that entrepreneurship is the core source of the employment in the diversity and it is made up of millions of people who are goal-oriented. According to the research, most of the stable and dominating enterprise such as Apple Company which deals with mobile phones was once started by an individual (Gupta, Chiles McMullen, 2016). The owner of the company saw the need to create products which are portable and accessible to the network, unlike the computers which by then were considered the only gadgets in which one can use in accessing systems though not moveable. Later on, it developed into iconic companies globally. From the statement, one depicts that entrepreneurs are people who are taken by the challenge of making the best in the trading field (Wang Thornhill, 2017). Most of them want to be affiliated by success and thus take risk business endeavors so that their dreams are comprehended. Consequently, most of them start small businesses and g row with time. Conclusion The world in which we live currently is quite competitive due to the depletion of the natural resources and emergence of severe economic situations. It is desirable for individuals to be creative instead of waiting to be employed since most of the people are educated and thus gaining access to job opportunities is tight. Entrepreneurship should be encouraged at all levels of one's studies. One should consider taking advantage of the available resources such as business magazines to enrich one's capacity to achieve as a business holder, not an employee. Recommendations Being an entrepreneur is one of the most amazing employments one can ever undertake due to the freedoms in which one exhibits. Notably, Barkema et al. (2015) states that, the freedom of making decisions alone is rarely found in the employment scenario. However, the losses are usually suffered by the owner alone. Despite that it may have a myriad of challenges; it should be encouraged in all aspects of education. Entrepreneurship education should be made a common subject in all levels of education so as to prepare learners into embracing other ways of survival in the event where they graduate from their professionals and fail to secure job opportunities (Ladd, 2016). This objective will enable them to sustain themselves and their families and thus reduction of depression as a result of joblessness. Apart from that, the government should put favorable measures to protect the interests of the entrepreneurs. They can reduce the taxes levied to this group as well ensure the security is im proved. Likewise, the government should facilitate different seminars on entrepreneurial development at least twice every year so as to equip different people with the necessary expertise in this field. Likewise, (Leyden, Link Siegel, ( 2014) reiterates that, the banks should be encouraged to lend to this group of people since most of them fail as a result of lack of a modified system to borrow income. The microfinance can only sustain but not enable them to grow since the percentage of the money they receive too little to expand their enterprises. Furthermore, the government should be in the forefront in financing these businesses. For instance, they should have a budget yearly encompassing of funds in support of the growing small business owners and startups. Reference list Barkema, H., Chen, X.P., George, G., Luo, Y. and Tsui, A., 2015. West meets East: New concepts and theories. Academy of Management Journal, 58(2), pp.460-479. Gupta, V.K., Chiles, T.H. and McMullen, J.S., 2016. A process perspective on evaluating and conducting effectual entrepreneurship research. Academy of Management Review, 41(3), pp.540-544. Huang, L. and Knight, A.P., 2017. Resources and relationships in entrepreneurship: an exchange theory of the development and effects of the entrepreneur-investor relationship. Academy of Management Review, 42(1), pp.80-102. Jiang, H., Cannella, A.A. and Jiao, J., 2017. Does Desperation Breed Deceiver? A Behavioral Model of New Venture Opportunism. Entrepreneurship Theory and Practice. Kuratko, D.F., 2016. Entrepreneurship: Theory, process, and practice. Cengage Learning. Ladd, T., 2016. Customer Development and Effectuation: A Review of Textbooks to Teach a Contemporary Introduction to Entrepreneurship. Management Teaching Review, 1(3), pp.205-210. Leyden, D.P., Link, A.N. and Siegel, D.S., 2014. A theoretical analysis of the role of social networks in entrepreneurship. Research Policy, 43(7), pp.1157-1163. McDougall?Covin, P., Jones, M.V. and Serapio, M.G., 2014. High?potential concepts, phenomena, and theories for the advancement of international entrepreneurship research. Entrepreneurship Theory and Practice, 38(1), pp.1-10. McMullen, J.S., Wood, M.S. and Kier, A.S., 2016. An embedded agency approach to entrepreneurship public policy: Managerial position and politics in new venture location decisions. The Academy of Management Perspectives, 30(3), pp.222-246. Morris, M., Schindehutte, M., Richardson, J. and Allen, J., 2015. Is the business model a useful strategic concept? Conceptual, theoretical, and empirical insights. Journal of Small Business Strategy, 17(1), pp.27-50. Navis, C. and Ozbek, O.V., 2017. Why Context Matters: Overconfidence, Narcissism, and the Role of Objective Uncertainty in Entrepreneurship. Academy of Management Review, 42(1), pp.148-153. O'Connor, A., 2013. A conceptual framework for entrepreneurship education policy: Meeting government and economic purposes. Journal of Business Venturing, 28(4), pp.546-563. Schaper, M.T., Volery, T., Weber, P.C. and Gibson, B., 2014. Entrepreneurship and small business. Shepherd, D.A. and Patzelt, H., 2017. Researching the Generation, Refinement, and Exploitation of Potential Opportunities. In Trailblazing in Entrepreneurship (pp. 17-62). Springer International Publishing. Wang, T. and Thornhill, S., 2017. Entrepreneurial orientation, legitimation, and new venture performance. Strategic Entrepreneurship Journal.