Javier Cuenca Florida – Evolution of Business
Business is an activity for the economy which consists of many functions like distribution, production, auxiliary and exchange functions which are to satisfy the changing demand and needs of customers to meet the goal of business economically. The current stage of business has evolved from the very beginning of human civilization. It has been developed from a self-dependent stage to a modern technological stage. And you can solve the challenges through Javier Cuenca Florida – How Entrepreneurs Handle The Challenges. There are two major components that are industry and commerce:
Evolution of Industry: As most people and even you might be aware, the industry includes all the functions that are used in producing goods or services through the use of human and mechanical power. The development of agriculture has contributed a lot to evolve the industry up to the current stage. The industry’s development can be described through some stages: handicraft, guild system, domestic system, industrial evolution, and present stage.
The handicraftstage is the beginning stage of the evolution of the industry. The production process was simple and many of the machines were not used. At this stage, they almost used local materials to produce the materials or products of handicrafts. And at that particular time, the unit of the industrial organization was the only family. In the beginning, people were involved in the production for the fulfillment of the requirement, but later they started to produce excess products for exchanging with food and other articles.
The beginning of the organized activities was marked by the origin of the guild system. And these organized groups were the groups of assistance or traders or craftsmen. However, these guilds were further classified into merchant guilds and craft guilds. The association of merchants emerged through the merchant guilds. And they try to regulate their business and standardize particular products. In the same way, skilled workmen or artisans emerged through the craft guilds. And they try to maintain the quality and quantity of the production.
Then the domestic systembegan, and at this stage, an entrepreneur, Javier Cuenca Florida, collected craftsmen and artisan and then began the job of production. And here they took the responsibility for collecting the resources and then selling the output or product to the market.
Then started the industrial revolutionin the 18th century. And this revolution replaced the domestic system of production with large-scale industries. Here the major and important inventions and discoveries of the particular stage were the steam engine, coal mining, energy development, the textile machine, the wave machine, and a transportation system. And this made the production of larger-scale industries easier.
Then the present stageof the industrial revolution was categorized by industrialization and globalization. The revolution of industry of the 18th century brought huge changes in production. And the present stage is categorized with the introduction of computers, automatic powers, automatic machines, space communication, the internet and the wire and much more. The discoveries and the scientific inventions have brought many modifications in industrial production distribution. And at this particular stage, the production of products in one corner of the world is available in all countries.
The handicraftstage is the beginning stage of the evolution of the industry. The production process was simple and many of the machines were not used. At this stage, they almost used local materials to produce the materials or products of handicrafts. And at that particular time, the unit of the industrial organization was the only family. In the beginning, people were involved in the production for the fulfillment of the requirement, but later they started to produce excess products for exchanging with food and other articles.
The beginning of the organized activities was marked by the origin of the guild system. And these organized groups were the groups of assistance or traders or craftsmen. However, these guilds were further classified into merchant guilds and craft guilds. The association of merchants emerged through the merchant guilds. And they try to regulate their business and standardize particular products. In the same way, skilled workmen or artisans emerged through the craft guilds. And they try to maintain the quality and quantity of the production.
Then the domestic systembegan, and at this stage, an entrepreneur, Javier Cuenca Florida, collected craftsmen and artisan and then began the job of production. And here they took the responsibility for collecting the resources and then selling the output or product to the market.
Then started the industrial revolutionin the 18th century. And this revolution replaced the domestic system of production with large-scale industries. Here the major and important inventions and discoveries of the particular stage were the steam engine, coal mining, energy development, the textile machine, the wave machine, and a transportation system. And this made the production of larger-scale industries easier.
Then the present stageof the industrial revolution was categorized by industrialization and globalization. The revolution of industry of the 18th century brought huge changes in production. And the present stage is categorized with the introduction of computers, automatic powers, automatic machines, space communication, the internet and the wire and much more. The discoveries and the scientific inventions have brought many modifications in industrial production distribution. And at this particular stage, the production of products in one corner of the world is available in all countries.
