The farmers can also sell the raw materials to the industries and earn money. It is possible due to the introduction of technology like internet, E-commerce and E-business. There is a more opportunity to earn in the city area which leads to a better living standard of people.
Whereas, in production globalization the raw materials and resources used for producing goods are imported from various countries.
As a result, customers have better options to choose which goods or services fits best requirement for them. With the introduction of smart phones, advanced laptops, information systems and networking; it is easy to set a business strategy for generating huge amounts of profit and business networking.
In mobile phone industry, Apple and Samsung are the two rivals which utilize best technology and resources to dominate the global market. The highly production of goods or products are generated with the help of machines and high scale equipment.
As a result, there is a huge rise in employment, improving the living standards of people. As a result, new businesses can take advantage of it by creating new markets via networking. The lack of sanitation, pollution and health issues are other negative sides of the industrialization.
It is possible because of industrialization. For an example, the same company delivers huge salary to the employees in the United States of America as compared to that running in India, Philippines, or Brazil.
Modernization means the process of transformation from a tradition to a modern model. All the four process are the pillars of any business life and economy. They play an important role in modern business and management. It is only possible with the introduction and use of information technology and other latest technologies.
Importance of Modernization of Business: Effects of Modernization in Modern Business: Industrialization will lead to urbanization and modernization combines both industrialization and urbanization.
They play the key role in the economic development and have overall positive impacts or effects in the modern business and management. It is one of the main pillars of overall business and economy. It creates more job opportunities. There are mainly two types of globalization.
The quality lifestyle is possible in urban areas due to increasing urban facilities. Effects of Urbanization in Modern Business: As a result, there is a heavy cash flow and economic exchange. Also, they are interrelated with each other for creating an economic surplus or profit; and the better management concepts where the various activities or tasks of a business are smoothly coordinated to attain defined goals and objectives.
If more production of goods is generated, more tax is collected by the government. It is posted on the Urban Gateway by way of keeping all users informed about matters of interest.
Before the use of technology the businesses were just limited to few people and organization, but after the use of technology and internet more business opportunities is possible. Effects of Industrialization in Modern Business: It also affects the capital flow as the maximum generated profit is taken back to the parent country.
Therefore, the businesses in urban area attract customers or clients of high income. They are market and production globalization. Using the Customer Relationship Management System, it is very beneficial to maintain a good relationship between the customer and the management of organization.
Globalization, Industrialization, Modernization and Urbanization: Nowadays, different companies with the same value function or structure merges with each other to become stronger in terms of capital or financial presence, expand wide market and gain high trust from the clients or customers due to overall transparency.Urbanization Essay Examples.
35 total results. A Discussion on World Urbanization. 1, words. An Overview of Consensus and Urbanization, the Elements of the Modernization Process. 1, words. 2 pages. The History of Industrialization and Urbanization in America. Consensus vs. Urbanization The process of modernization contains many elements, which work together in many ways.
The two elements that I will be discussing are consensus and urbanization. Consensus is when a group or groups of people come to an agreement with each other. URBANIZATION AND MODERNIZATION 27 number rather than to the proportion of the total population living in urban areas (Jones, ).
Qualitatively, urbanization is seen as a complex and hetero- geneous process. Some have preferred the term "urbanism" to describe this aspect of urbanization. Urbanization is the process of increase in a population in cities & towns where the societies become urban.
It is possible because of industrialization. There is a positive and profitable business market in the urban areas as compared to rural one. − an identification of the economic effects of the urbanization process in China, − an analysis of the influence of the hukou system on the economic growth, − the verification of the hypotheses and the proposition of future actions.
SinceChina has experienced a rapid and unprecedented process of urbanization, created by the history's largest flow of rural–urban migration in the world.Download