1,035
20
Essay, 2 pages (350 words)

Business time travel

Business Time Travel: Age of Industrial Entrepreneurs Introduction The Industrial age as one of the business eras was characterized by a lot of innovation in the film industry, electric equipment and phonograph and recording. Of the entrepreneurs of this period is Thomas Edison. Edison was a great inventor having patented over 1090 innovations (Israel, 1998). Being one keen on innovation, Edison would perform well in the modern business scene. Having lived at a time when mass production and communication technology was not as advanced as it is today as noted by Jacob (1997), Edison would have to learn how to use the Internet and modern principles of management. In terms of business management, the Wizard of Menlo Park would be quite challenged with how to apply the theories learnt in operations research. He would possibly have problems in performing extensive market research using statistical analysis and optimizing business performance considering various forces that are at play today. Edison would also quite be challenged in using technology to the advantage of his organization. Having lived at a time when the Internet was yet to be a reality, he would need to adapt the Internet as opposed to telegraphs which were essentially slower. This is so considering that in the modern world business managers have to make decisions fast based on facts so as to remain competitive in every possible way. Recommendations In managing today’s business properly, Edison should consider the importance of computer and modern communication technology such as mobile phones in making decisions and accessing information concerning the workforce in real time. He should also consider accepting diversity in the workforce given that people of different cultural backgrounds are bound to make up the human resource of the company. Yet again, Edison should learn the complexity of dealing with today’s workforce in regard to their rights and need or being unified by trade unions. References Israel, B. (1998). Edison: A life of invention. New York: John Wiley. Jacob, C. (1997), Scientific Culture and the Making of the Industrial West, Oxford, UK: Oxford University Press.

Thank's for Your Vote!
Business time travel. Page 1
Business time travel. Page 2
Business time travel. Page 3

This work, titled "Business time travel" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Essay

References

AssignBuster. (2022) 'Business time travel'. 28 September.

Reference

AssignBuster. (2022, September 28). Business time travel. Retrieved from https://assignbuster.com/business-time-travel/

References

AssignBuster. 2022. "Business time travel." September 28, 2022. https://assignbuster.com/business-time-travel/.

1. AssignBuster. "Business time travel." September 28, 2022. https://assignbuster.com/business-time-travel/.


Bibliography


AssignBuster. "Business time travel." September 28, 2022. https://assignbuster.com/business-time-travel/.

Work Cited

"Business time travel." AssignBuster, 28 Sept. 2022, assignbuster.com/business-time-travel/.

Get in Touch

Please, let us know if you have any ideas on improving Business time travel, or our service. We will be happy to hear what you think: [email protected]