Evolution of Business

During this era, Americans were able to use machinery for their work and currently outsource to countries that are underdeveloped, saving large corporations tremendous sums on labor.

Americans were encouraged to follow a "free market" economy that is still used to this day, and economic growth was maximized.

The “scientific management” was introduced, which used efficiency experts, statistics, and research to define how to manage production, this lead to product innovation.

This era allowed businesses to use commercials and ads which allowed them to get their product out there and noticed as well as bring in profit.

The Global era impacted businesses with cheaper competition causing U.S. businesses to increases efficiency, improve quality, and cut costs. This created outsourcing and new markets.

This era brought the Internet and its impact on world economy. Networking through the Internet has created many new and varied business opportunities.