Pivotal moments in corporate history have shaped today’s business world and will continue to impact business decisions, strategies, and long-term goals in the future. These five significant events are examples of pivotal changes that occurred in corporate America that have left an indelible mark on the business world. As you read through these examples of pivotal moments in corporate history, consider the influence these specific events had on the industry, society, and the world as a whole today.
The Industrial Revolution
The rise of global trade (two sentences): Global trade has been a major force in shaping the modern business world. Prior to the Industrial Revolution, most goods were made locally, which meant that local markets were also easily served by local producers. However, with industrialization and globalization, there was an increase in demand for imports from all over the world as well as an increase in export opportunities for industrialized countries such as England and France. These changes gave birth to multinational corporations like Siemens and Toyota who are now household names today.
Electric Power Becomes Available
It all started with electricity. With the invention of the light bulb and the development of the power grid, businesses were suddenly able to operate at all hours of the day and night. This increased productivity and efficiency, and changed the way businesses operated forever.
The Assembly Line Is Invented :The assembly line was a game-changer for manufacturing. It allowed businesses to mass produce products quickly and efficiently.
Airplanes Changed Travel
Commercial air travel is a mainstay of the modern business world. It’s hard to believe that it all started with just one man and his dream of powered flight. On December 17, 1903, Wilbur and Orville Wright made history when they successfully flew their Wright Flyer I for 12 seconds at a speed of 12 miles per hour. This event changed the way we travel and do business forever.
Computers Revolutionized the Workplace
In the past, businesses relied on paper records and manual labor to get things done. This all changed with the introduction of computers, which revolutionized the workplace and made it possible for businesses to operate more efficiently. With the help of computers, businesses can now track inventory, manage customer data, and automate many tasks that used to be done by hand.
Social Media Has Made Personal Branding Easier Than Ever Before
Personal branding has always been important, but social media has made it easier than ever to create and maintain a strong personal brand. With platforms like Twitter, LinkedIn, and Facebook, you can easily connect with potential customers and clients, share your work, and build a reputation as an expert in your field.
The Emergence of Entrepreneurship
In the past few decades, there has been a shift in the corporate world. More and more people are choosing to become entrepreneurs and start their own businesses. This is due to a number of factors, including the recession, which made it difficult to find stable jobs; the rise of technology, which has made it easier to start a business; and the changing values of millennials, who prioritize making a difference over making money.
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