Essays on The Key Institutional and Organizational Characteristics of National Business Systems Essay

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The paper "The Key Institutional and Organizational Characteristics of National Business Systems" is an outstanding example of an essay on business. The following paper analyzes the concept of industrialization and the procedure of its evolvement and the countries who were the beneficiaries of the process. Also, the paper discusses the impact of early and late industrialization on the institutional and organizational structures of the national business systems and finds out the relevance of the two industrializations as far as the long-term national competitiveness is concerned. To understand the questions completely, each of the fundamental terminologies which are to have an impact on the final question needs to be addressed and needs to be linked to the main question in pursuit. INDUSTRIALIZATION: The early phase of industrialization was from 1750 to the 1800s.

Although it can be debated over the exact timings of the industrialization in the different parts of the world, it was the above-mentioned period during which industrialization emerged in its totality. Europe in general and Britain, in particular, was the main element in crafting the early period of industrialization (Henderson, 1954).

Until then, work was majorly done using manual labor and the amount of production, as a result, was squat. But it was the end of the 18th century that actually saw the revolution in production processes and changed the dynamics of production and industry concepts. Enhanced use of machine-driven principles, including steam power, to develop in Great Britain produced an identifiable change in economic structure and growth (Spielvogel, 2011). The period saw the emergence of a factory system where workers were grouped together and capital structures changed from the earlier used methods to cost-effective technology driven methods.   Cotton and iron were the key dynamics in this course (Thomas, 1964).

Cotton was earlier processed through manual labor which tool time and effort but did not produce in mass volume. The production capacity was low and thus, the efficiency was significantly less.


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