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Industrialization as a Business Model

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"173035871"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p style&equals;"text-align&colon;justify&semi;">&NewLine;<p> When we talk about industrialization&comma; we generally think of an assembly-line setup or a factory production environment where people are working on standard processes and functions&period; In general perspective&comma; we can look at Industrialization as a part of a wider modernization process&comma; where development is closely related with process&comma; technological and innovation&period; Looking back at the history of Industrialization&comma; we see it as a phase in social and economic change that transformed human groups from an agrarian society into an industrial one&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon;justify&semi;">In a modern day society the definition of Industrialization has gone through a transformation&period; Businesses are adapting the theory of industrialization and are combining it with strategic management initiatives&period; The service sector in particular is now being closely linked to the process of Industrialization&period; The key factor in industrialization is to plan and provision services as an industry process that is subject to industrial optimization procedures&comma; such as standardization&comma; bench marking and quality control&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon;justify&semi;">The reason why the concept of Industrialization came into picture as a business model is because in the year 1972 the service sector suffered from high degree of inefficiency and variation in quality&period; The reason was that each service offering was treated as an isolated entity or event&period; There was an anxious need for a system or process that could amalgamate all different elements of service events and standardize the offering&period; So more like defining and executing repeatable function with predictable result&comma; that is accelerated by technology to achieve far higher levels of productivity&period; The influence came from the manufacturing sector&semi; where with the help of automation and statistical quality control&comma; better products could be manufactured with consistency and quality&period; The same theory was applied to the service industry and the results were remarkable&period; Two apt examples are the case of McDonalds and WalMart&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon;justify&semi;">WalMart in specific has been very instrumental in adopting the Industrialization process&comma; specifically in their supply chain management system&comma; ex&period; products are always moving and the supply-demand cycles flow almost instantaneously to market demand&comma; with inventories kept at a bare minimum always&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon;justify&semi;">However&comma; after almost a decade of business Industrialization influence&comma; many companies and industries are now facing varied consequences&period; Things like low employee morale&comma; attrition and a gradual dip in service quality are the outcomes of and industrialized working environment&period; Customers feel that they are missing that &OpenCurlyDoubleQuote;personal touch” or &OpenCurlyDoubleQuote;human factor” while doing business&period; Many employees of such industrialized companies feel like working in a very robotic environment where there is great dependability on processes and technology&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon;justify&semi;">Latest developments in Industrialization environment show that companies are now gradually becoming more cautious about personalizing their service offerings&period; Employees are now been trained and empowered to customize the service encounter to the individual characteristics of customers&period; So we see a trend where industrialization is now been followed more as a backbone to perform a function&comma; but the emphasis is still on giving that personal or human touch to business and customers&period;<&sol;p>&NewLine;<p>&num;strategicmanagement &num;upplydemandcycles &num;businessmodel &num;process &num;industry &num;Industrialization &num;technology &num;modernization &num;factory &num;McDonalds &num;manufacturing &num;WalMart &num;servicesector &num;agrariansociety &num;supplychain<&sol;p>&NewLine;

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