Business has existed, in one form or another, since the discovery of agriculture. From subsistence trade to highly specialized labor division, business has driven the development of society as we know it. Few changes to the way business is done, however, rival the impact these seven innovations had on the world of commerce:
Even the earliest businesses had to transport goods from one place to another, and now modern technology has progressed transportation to the point where we can haul, ship, or fly goods all over the world. Transportation innovations have expanded the geographical reach of certain businesses, creating the global economy we see today.
The Industrial Revolution thrust the world into a new age of mass manufacturing and assembly-line production. The introduction of industrial robotics in the late 1960’s created a new manufacturing environment, increasing productivity, and could easily be likened to a second Industrial Revolution. Businesses were finally able to meet increasingly high demand for goods, ushering in an era of robotic workers and even faster production rates.
In the late 19th century, business owners desired to take a more scientific approach to management, and the MBA was born. MBA programs teach business theory as well as offer students a well-rounded education in the practical side of business, including subjects such as finance, marketing, and operations management. According to a curriculum consultant for MBA programs in Denver, these programs are designed to prepare graduates for the realities of modern business as well as train future business leaders in a way that they hope will improve business practices worldwide.
Computers changed the storage of information and increased the ease of access to that information. Data processing originally required many employees and were subject to human error. By the late 1970’s, computers were regularly being used in businesses, and their use has continued to increase into our modern age. Now a computer is a staple requirement for any business to function.
Use of the internet has revolutionized business communications and marketing outreach. Today’s modern business can function almost entirely through the use of the internet with innovations like instant messaging, email, and cloud storage.
Wireless internet access has changed the way businesses connect to the internet and increased the capability for remote office access. Businessmen and women are no longer tied to their physical offices. Though most businesses still make use of an office, management and office administration can now be handled anywhere with the invention of wireless internet, and offices are easier to set-up without the need for each employee work station to be hard wired into the local servers.
Cell phones and tablets have increased productivity outside the office. Business owners, management, and employees have access to email, web activity, and even remote server access from just about anywhere. Many cell phones and tablets allow for access through 4G networks broadcast by cell towers eliminating the necessity of WiFi access.
Without these innovations, the world of business would look very different today. It would more closely resemble the business worlds of yesteryear where limited access to business operations reduced productivity capabilities.