Business History Essay Example | Topics and Well Written Essays - 1500 words

Business History - Essay Example Businesses would increase their sales if there is easy transportation access to its current and prospective clients. One very successful strategy to outwit competitors is for the companies to shift to high volume and low cost productions management styles Plus, the industrialization of businesses in Britain is characterized by the popularity of the small and medium scale firms. These types of businesses were normally managed by the owners and their relatives. These small scale markets were transformed into regional markets. The established marketers would implement the business laws and political laws of the land in order to have a peaceful and harmoniously fair competitor relationship. Further, many companies decided to focus the scarce resources on the production of specialty products that satisfies the needs of a niche market. Many companies were also forced to vertically integrate like the small and medium scale industries. A few businesses were segregated by the government into districts from 1750 to 1850. Some of the businesses had to research to develop new products and processes in order to keep abreast with their wily competitors. Many of the small firms and the Zaibatsu were family owned businesses. These small and micro industries are often single proprietorships and partnerships. The family as a whole may acquire wide range of expertise in terms of diversification into other businesses. Normally these types of industries generate slow sales activities resulting to low volume sales which in turn generates correspondingly low profits. Some f the Japanese industries were characterized by merchants enveloped in the industrial world called Ukiyo or floating worlds(Whitley,66). Many of the Zaibatsu companies are bigger than the small firms. Also, many Japanese companies had to close shop because they were not able to adapt to the