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Unformatted text preview: Write an extended essay analyzing how and why American business corporations have restructured their organization and operation since the 1970s in ways that have changed the nature and significance of big business as the dominant form of American business organization. 1) Your analysis will focus on a specific dimension of the corporate restructuring process: the changing structure and strategy of a single business ; or Consumer society: Towards the end of the nineteenth century the United States transformed from agriculture to an industrial society. Advancements in production and distribution technology completely transformed our nations business and society. At this time the American demographic was changing due to major increases in population and urbanization, expanding the market. Large businesses were now able to mass produce standardized products and distribute them throughout the entire country. There was now an enormous demand for consumer products. The growing urbanized modern society had a faster pace and lesser living conditions and which limited time and room for home production, causing a greater demand for household goods. The economic effects of these demographic changes were compounded with a general rise in disposable income, with the rising expectations and standards of living promoted by the new products and by the developing advertising industry creating a new culture of mass consumption. People produced less and purchased more, fulfilling their needs exclusively through the market. It was and still is a society that consistently desires new, accessible, and competitively priced products; sparking the formation of suppliers, wholesalers, department stores, supermarkets etc., inspiring competition amongst businesses to develop business strategies and structures which maximize the successful and efficient fulfillment of market demands. Methods of business that Sam Walton inherited and built upon after he opened his first variety store franchise in 1945. Globalized business: Beginning during the late 1970s the world economy started to shift from an international to a global one. Prior to this, within an international economy, nations were relatively more self-sufficient, producing a significant amount of goods and services domestically; and trading across national boundaries was closely regulated by nation states. In a global economy goods and services are produced and marketed in a web of global corporate networks whose operations, although spanning several national boundaries are decreasingly regulated. This paradigmatic shift to a global economy was possible by the information technology revolution ushered in by advancements in fields of microelectronics, computing, transportation and telecommunications. The advancements create faster and more informed analyses of economic trends, easy transfer of assets, widespread collaboration, and the ability of efficient transportation and communication. The growth of the international trading system that links finance, production, distribution, and...
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- Fall '08