industrialization

Examples of industrialization in the following topics:

• The British Textile Industry

• The Rubber Industry

• The industry environment

  • In the business world, it is common to hear managers discuss particular industries as a whole, for example, ‘the automobile industry' or ‘the magazine industry'.
  • The NAICS typically identifies an industry with a six digit code, with each additional digit narrowing the definition of the industry.
  • Industry structure includes size measures, e.g. industry sales, number of firms, and number of employees.
  • Rate of growth and the industry growth curve are an important element of industry structure as is the extent to which an industry is unionized.
  • Strategic groups exist within most industries.

• Industrializing Countries

  • Industrializing countries have low standards of living, undeveloped industry, and low Human Development Indices (HDIs).
  • Considering global stratification, industrializing nations are at the middle of the hierarchy.
  • Standards of living in industrializing nations are lower than in developed countries, but range widely depending on whether a nation is rapidly industrializing or is in decline.
  • For example, India is considered a industrializing country.
  • Explain why some scholars use the term 'less-developed country' instead of 'industrializing country'

• Channels for Industrial Goods

  • Producer to industrial user.
  • Producer to industrial distributor to industrial user.
  • Producer to agent to industrial user.
  • This is preferably used when an industrial product is new in the market.
  • Producer to agent to industrial distributor to industrial user.

• Industry Comparisons

  • While ratio analysis can be quite helpful in comparing companies within an industry, cross-industry comparisons should be done with caution.
  • However, while ratios can be quite helpful in comparing companies within an industry and even across some similar industries, comparing ratios of companies across different industries may not be helpful and should be done with caution .
  • An industry represents a classification of companies by economic activity.
  • Additionally, there could be problems with the valuation of an entire industry, making ratio analysis of a company relative to an industry less useful.
  • Comparisons across industries may be like to unlike (apples to oranges) comparisons, and thus less useful.

• How successful are eco-industrial parks?

  • A study of eco-industrial parks in Denmark (Kalundborg), Texas (Brownsville and Pasadena), New Hampshire (Londonderry) and Mexico (Matamaros), revealed that the annual economic benefit enjoyed by participating companies in an industrial ecology arrangement is as high as $8 million, with an annual return on investment reaching 59%.
  • (Hollandar, Justin B., and Lowitt, Peter C., Applying Industrial Ecology to Devens: A Report for the Devens Enterprise Council) The longevity of the Harjavalta industrial area in Finland, however, best demonstrates the amount of success an eco-industrial park can enjoy.
  • (Jyrki, Heino, and Tuomo, Koskenkari, ‘Industrial Ecology in the Metallurgy Industry: The Harjavalta Industrial Ecosystem') Eco-industrial parks, it seems, have staying power.
  • For over 20 years, Indigo Development (headed by Ernest Lowe) has worked to cultivate, and provide information about, industrial symbiosis and eco-industrial parks.

• The Prevalence of Small Businesses

  • Industries with high concentrations of small and medium businesses generally do not require enormous capital investment up front.
  • If you're going to start a business, it's important to realize that there are specific forces acting upon each industry that affect profit.
  • The point here is that barriers to entry are central factors in determining the feasibility of the average business owner entering a given industry.
  • This is a smaller barrier to entry, thus there are more SMBs in the restaurant industry than in the aerospace industry.
  • The service industry tends to be more SMB-friendly, as it (generally) requires fewer assets.

• Limitations of the Five-Forces View

  • Porter's factors are specifically determined based on the industry level.
  • Some firms operate in only one industry, while others operate in multiple industries.
  • A firm that competes in a single industry will realistically only need to assess the industry it is in (and perhaps other supporting industries depending upon the situation).
  • The average Global 1,000 company competes in approximately 52 industries (lines of business).
  • It is not designed to decide optimal industries with certainty.

• Industrialization and the Graying of the Globe

  • One schematic by which one can divide the world is between industrialized and non-industrialized countries.
  • Countries that score poorly on these scales are considered to be non-industrialized, though it should be noted that non-industrialized countries are undergoing the process of industrialization.
  • However, while the trend of a growing older population appears the world over, people in industrialized nations are older than people in non-industrialized nations.
  • Thus, while people in all countries are living longer than prior generations, people in industrialized nations live longer than people in non-industrialized nations.
  • Produce a short debate which shows the pros and cons of industrialization