What Are The Advantages And Disadvantages Of Industrial Cluster

The Industrial Revolution has many pros and cons. It was a stepping stone for places all over the world. This lead to a more advanced and drastically changed world. Many things that changed caused harm to the world and many people think that it was a mistake for it to happen. Well, other people think that it was the best thing to happen to the world. It lead people out of the past and into the future. Let's start by talk about good things first.

Alternative structures such as grouping by output/product or grouping by market are not options as they would result in “duplication of activities and resources, the erosion of deep technical expertise, missed opportunities for synergies and learning” (Ancona, Kochan, Scully, Van Maanen, & Westney, 2009, p. M2-19). The matrix structure provided a potential positive aspect in that it would provide a needed cross-functional linking mechanism by mixing the functional structure with grouping by output/product, but the complexity, cost, dual systems, and dual roles resulting from the matrix structure historically resulted in either the functional or the output/product system becoming more powerful than the other.

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During the late 19th and all of the 20th century many events took place affecting the current situation our world is facing today.  The broad term, industrialization, refers to the development of goods produced by machinery and the discovery of new energy resources.  Industrialization had many positive and negative effects on the citizens of the world during these two centuries.  The events under industrialization could be said to have fallen victim to the “snowball effect” and been a cause of the situation that our world is facing today.

According to Enrico Moretti 's ground breaking book, “The New Geography of Jobs,” manufacturing sector companies have been superseded in the knowledge economy by innovation sector companies. While they were once the holy grail of community planners, manufacturing sector companies are no longer the ideal economic model.

Industrialization was a time period where the United States experienced prosperity and many advancements in technology. Nevertheless, while many beneficial events came from this time period, there were also numerous negative outcomes. This can be seen three decades after The Civil War, where the idea that anyone could rise upwards in society with the use of hard work, thriftiness, and a bit of luck, became widespread among American citizens. However, this idea was only proven correct in individual cases, as the majority of the working class remained in the same financial position despite their strong work ethic.

Speedup time to market. Because there are more people involved the process of innovation is faster

The purpose of this report is to investigate the challenges of setting up a business and the difference between the major forms of business; particularly, niche markets as compared to the larger mainstream markets.

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Potential New Entrants: The barriers for entry for this product are low. The use of the internet by the end consumer also tends to lower this barrier.

The other form involves grouping the wire harnesses by product/geography known as the multidivisional form (M-form). The M-form is known for managing, organizing, growth and diversity of large/growing organizations. “To succeed, the M-form required the existence of a strong and professional management hierarchy, and the new decentralized organizations required strong management both at the headquarters and in the divisions” (Witzel, 2005). Decentralizing improves strategic planning by freeing up senior management time. This grouping can cause coordination problems amongst subunits, performance plans are difficult to construct, and it is less effective with local product information. Maintaining the M-form requires a strong strategic plan and management.

This is what Eric Foner believed contributed to the "growth of national chains". There were so many new people living in the cities and looking for work that society had no choice but to find new ways to support these people, and expanding industry was the only way to do it.

Everyday there is the entrance of new products and services in the market. Additionally, product innovation drives competition between multiple organizations. Subsequently, there is a shift in prices and the types of services of provided. Next, there are multiple channels in which goods and services are provided to consumers. These distribution channels include producer to consumer, retailer to consumer, and wholesaler to retailer and consumer. Moreover, supplier diversity allows for economic growth. In some instances it may be difficult for diverse businesses to obtain capital upon start-up. However, many of the supplier programs provide networking opportunities to those who encounter any

Businesses today operate an environment that differs greatly from anytime millennia, centuries or even decades ago. The pace of businesses has increased exponentially with the continuous improvement of information technology, telecommunications and geolocation supported by satellites and progressively more efficient modes of transportation and mechanization. The ability to move products globally overnight, increasing levels of automation, and collaboration instantaneously via virtual means has forever changed and reduced traditional barriers businesses face while creating a myriad of new challenges, risks and opportunities.

Specialization meant the breaking down of the means of production into its component parts, allowing for more rapid manufacturing in a given shop or locality. Mechanization reflected the use of power-driven machinery to increase production and entailed the building of factories and extensive investment of capital. With increased production from specialization and mechanization came the need to reach broader markets and the shift from local to national distribution (Shultz, p. 310).