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Impact of industrial revolution (IR) on international business

The aim of this paper is to discuss the impact of industrial revolution on international business. The world of IR4.0 not just revolves around smart and connected machines and systems, but it fused the interaction of these technologies with physical, digital and biological domains. Industrial revolu...

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Main Authors: Islam, Rabiul, Zainal Abidin, Irwan Shah, Farzana, Kazi Fahmida, Mia, Md Shahin
Format: Article
Language:English
Published: IAEME Publication 2020
Subjects:
HC Economic History and Conditions
Online Access:http://repo.uum.edu.my/27487/1/IJM%2011%207%202020%20399%20414.pdf
http://repo.uum.edu.my/27487/
http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=7
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spelling my.uum.repo.274872020-09-20T08:23:27Z http://repo.uum.edu.my/27487/ Impact of industrial revolution (IR) on international business Islam, Rabiul Zainal Abidin, Irwan Shah Farzana, Kazi Fahmida Mia, Md Shahin HC Economic History and Conditions The aim of this paper is to discuss the impact of industrial revolution on international business. The world of IR4.0 not just revolves around smart and connected machines and systems, but it fused the interaction of these technologies with physical, digital and biological domains. Industrial revolution has changed in manufacturing and transportation which began from fewer products being made by hand and more are being made using machines in a large-scale facility. Data for this study were obtained from existing literatures on industrial revolution in multinational companies. The methodology heavily relied on existing previous literatures on the subject being dealt with. The findings indicate that the increasingly inaccessible discourse on technological advancement is making it harder for the public and for governments to mitigate the externalities of automation and other changes. It also dictates the impact of globalization towards the economy is inevitable for companies worldwide; they would have to resort to IR4.0 to sustain and thus stay relevant in the business world. Therefore, companies will have to adopt IR4.0 in their management, implement and strategize to keep their stand in the competitive world. IAEME Publication 2020 Article PeerReviewed application/pdf en http://repo.uum.edu.my/27487/1/IJM%2011%207%202020%20399%20414.pdf Islam, Rabiul and Zainal Abidin, Irwan Shah and Farzana, Kazi Fahmida and Mia, Md Shahin (2020) Impact of industrial revolution (IR) on international business. International Journal of Management (IJM), 11 (7). pp. 399-414. ISSN 0976-6502 http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=7
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HC Economic History and Conditions
spellingShingle HC Economic History and Conditions
Islam, Rabiul
Zainal Abidin, Irwan Shah
Farzana, Kazi Fahmida
Mia, Md Shahin
Impact of industrial revolution (IR) on international business
description The aim of this paper is to discuss the impact of industrial revolution on international business. The world of IR4.0 not just revolves around smart and connected machines and systems, but it fused the interaction of these technologies with physical, digital and biological domains. Industrial revolution has changed in manufacturing and transportation which began from fewer products being made by hand and more are being made using machines in a large-scale facility. Data for this study were obtained from existing literatures on industrial revolution in multinational companies. The methodology heavily relied on existing previous literatures on the subject being dealt with. The findings indicate that the increasingly inaccessible discourse on technological advancement is making it harder for the public and for governments to mitigate the externalities of automation and other changes. It also dictates the impact of globalization towards the economy is inevitable for companies worldwide; they would have to resort to IR4.0 to sustain and thus stay relevant in the business world. Therefore, companies will have to adopt IR4.0 in their management, implement and strategize to keep their stand in the competitive world.
format Article
author Islam, Rabiul
Zainal Abidin, Irwan Shah
Farzana, Kazi Fahmida
Mia, Md Shahin
author_facet Islam, Rabiul
Zainal Abidin, Irwan Shah
Farzana, Kazi Fahmida
Mia, Md Shahin
author_sort Islam, Rabiul
title Impact of industrial revolution (IR) on international business
title_short Impact of industrial revolution (IR) on international business
title_full Impact of industrial revolution (IR) on international business
title_fullStr Impact of industrial revolution (IR) on international business
title_full_unstemmed Impact of industrial revolution (IR) on international business
title_sort impact of industrial revolution (ir) on international business
publisher IAEME Publication
publishDate 2020
url http://repo.uum.edu.my/27487/1/IJM%2011%207%202020%20399%20414.pdf
http://repo.uum.edu.my/27487/
http://www.iaeme.com/ijm/issues.asp?JType=IJM&VType=11&IType=7
_version_ 1680323121981161472
score 13.211869

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