The First Industrial Revolution marked a turn in history. For mankind, this meant a new way of life. For economy, it meant drastic innovations. But for business, it was a dream come true.
A lot of time and money was saved by switching from primal agricultural and manual processes to machine manufacturing. With its beginning in 18th century Britain, the First Industrial Evolution has paved a way for the lifestyle we know today. It has spread globally and affected every modern household. Due to this novelty, society has gained unprecedented advancements in technology, economy, as well as culture.
Initially, the British somewhat confined their inventions for a certain period of time. They retained their right to develop on their own terms and kept their innovations strictly to themselves. Knowing that this will not work in the long run some British revolutionary ventures were achieved abroad. One such example is the development of machine shops in Belgium.
Countries which were stable at the time were able to develop economically with the new manufacturing techniques. However, given that this was a politically tumultuous period some countries had fallen behind with progress. By the 19th century, more European countries had gained momentum.
In order for countries to advance they needed a stable political and economic environment but more importantly, they needed material. Similarly, modern-day industrial businesses develop according to the materials they are able to acquire. It is hard to earn a profit in a bad economy and without resources. You need a perfect balance of high-quality means and a standing stability to succeed. If a business does obtain this there will be no limits to its expansion.
Interestingly enough one of the leading industrial forces in the 21st century is Japan. This country is not rich in natural resources, nor is it a vast land. Nevertheless, annually they are able to make some bewildering profit. The key to their success is keeping themselves up to date and anticipating supply and demand on a global level.
The Second Industrial Revolution incorporated not only the use of natural materials but also synthetic resources. This breakthrough had coincided with the newly developed machines, tools, and computers and made way for a new industrial boom. Automatic factories were the latest trend at the time.
We should remember these changes and make a parallel to today’s businesses. Companies need to keep up with innovations. At the time, the idea of automated factories was considered avant-garde. Today it is considered a standard. Don’t miss any opportunity to advance in the industry. Missing one step can be crucial and can set your business apart from other companies – but in an undesirable way.