Compare the Industrial Age with the Era of Modernism Essay

Compare the Industrial Age with the Era of Modernism - Essay Example During that era, revolution begun by the mechanization of the textile industry and the iron-making techniques that were developed that increased the use of refined coal (Shamkhal 2011). The revolution was also characterized by the introduction of steam power that was primarily fuelled by coal. There was also the introduction of canals, improved railways and roads that also played a part in expanding trade. During this period, however, things were done in a more primitive and backward way, when compared to the modern era. The modern era is also characterized by a number of revolutions and innovations that are majorly seen in the way people do things that are more mechanized and computerized than the industrial era (Nagla 2010). The modern era brought about the invention of faster-operating computers that have propelled so many other innovative activities come up that completely bring the whole world a global village. During the modern era, people use machines operated by nuclear and electricity power. Trade has been made easy by the roads that have been tarmacked, electric trains and aircrafts that enable goods to be ferried from one country to another within hours. Therefore, the two era were marked by revolutions; however, the modern revolution is characterized with more innovation, faster ways of doing things as well as advanced technology. On the other hand, the industrial revolution was also characterized with lots of inventions and improvement of technology even though the technology used then was backward and could not do much. A lot of changes have been realized since the revolution era. To begin with, in the communications sector, during the industrial revolution, people used to pass information through the use of the word of mouth. Then the use of sending letters came up which could take several days, weeks or even months before being

Operational Management Contexts Essay Example | Topics and Well Written Essays - 2750 words

Operational Management Contexts - Essay Example The first phase was to shift to assemble to order planning (ATO), the second was de-integrating the manufacturing facility, and finally, rationalization- that is reducing the range of family of products to two that are most profitable for the company. These are innovations to be implemented depending on the market conditions. There were factors and aspects of innovation to consider. Firstly, what type of innovation is needed to proper address the main objective of the "phase changes", secondly, when is the right time the innovation should be implemented in the market life cycle, thirdly, an analysis on the implication of change in the supply chain, and finally, what are the trade-offs to take into consideration and how to address them to optimize the effect of phase changes. The planned "phase changes" of AB Machine Tool is meant to basically address profitability and the ever challenging market. The need for this is inevitable considering the fact that the market share of the company is getting smaller because of fierce competitions. The need to attract more investment is one of the options in order to maintain the economic viability. But to attract more investments means showing the potential investor the strength and capabilities of the company through changing times and turbulent market conditions. ... It is for this reason, AB Machine Tool ought to consider the need to introduce changes tactically and strategically but how it will affect the entire organization positively remains to be seen. Timing, type of innovations, trade-offs are some of the things that we should be looking into and this is our objective. "Mundane Taxonomy" of Innovation Types Moore (2004) enumerated the different types of innovations and gave description to each one of them but more importantly gave emphasis when it is to be applied during the market life cycle of the organization. He also emphasized its importance as it determines the economic viability and existence of an organization. Figure 1, Aligning Innovation with the Life Cycle, shows the eight types of innovations and when each one is supposed to be implemented in the market life cycle.Figure 1. The Market Development Cycle The Innovations as defined by Moore (2004) are as follows: Disruptive Innovation. Characterized by a great deal of attention particularly in the media, product appears as if from nowhere, creating a massive new sources of wealth. Application Innovation. Takes existing technologies into new markets to serve new purposes. Product Innovation. Takes established offers in established markets to the next level.The focus can be on performance increase, cost reduction, usability improvement, or any product enhancement. Process Innovation. Makes processes for established offers in established markets more effective or efficient. Experiential Innovation. Makes surface modifications that improves customers' experience of established products or processes. Marketing Innovation. Improves customers touching processes, be they marketing communication or