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Industry, Enterprise and People (People (Innovation is bringing new ideas…
Industry, Enterprise and People
Industry
Industrial Revolution was the start of mainstream manufacturing in the 1700s. This changed the way products were made and the the time it took to produce them
This usually happened in factories: which were buildings housing machinery where workers made goods or operate machines turning materials into products
Manufacturers who mass produce one item such as a can of coke will have dedicated machinery for that product
Whereas others who make batches of multiple different products will have more flexible machinery such as press formers These can be adapted by changing the die that cuts in the products giving the machine more flexibilty
Repetitive tasks in most modern factories will now be carried out by automated machines. These automated systems produce products of a high quality at a low product cost consistently. However they are expensive to start up and if they break can be extremely costly. The robots are capable of many things such as: painting, pick and place tasks and labelling
Enterprise
It is a skill where individuals or organisations are prepared to show initiative and take risks in order to make things happen
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People
Innovation is bringing new ideas to market and developing them into products. It is often made possible by new technology that allow products to advance.
CrowdFunding is a method of funding a project by raising money from large numbers of people. instead of having a few major backers of an idea, you can have thousands of small backers that give £10 towards the cause. This is run through websites like Kikstarter and indiegogo where the project is described and the backers will get the first production items
Virtual Marketing is where brands use social media and websites to increase brand awareness. Tesco has recently used the korean subway to help brand awareness, they put 500 of their most popular items on a wall with a barcode so people could order food there and it would be at their house when they get home.
Co-Operatives are businesses run, managed and governed by its workers. this on average causes workers to be more productive as they have set their conditions.
Fair Trade is a movement set up to ensure fair prices for developing countries that produce food. Its aim is to ensure better trading conditions for them and that the higher prices are paid by exporters. social media has helped the movement grow as like-minded people can support the movement
Sustainability we are constantly using up the earths finite resources for our future generation through manufacturing. Some such as fossil fuels are damaging the environment as we burn them. We need to minimize this to help the future generations. Resources such as tin and chromium our also finite because when we completely use them up there will be no more. However, we can make energy through other methods that our renewable such as solar power and wave power, these do not damage the environment but also produce sufficient energy.
Social footprints of a company is the effect it has on the people and communites. A company with a good social footprint looks after its workers with health and safety, equality and child labour.
Landfill is one of the most common ways of dealing with products at the end of their lifetimes. It is simply putting it in the ground and burying it. however, this is bad for enviroment as is it causes pollution and creates methane gas from the decaying waste, it can also cause hosuing prices nearby to fall. So other methods are used such as incineration where the waste is burnt instead. Also recycling is a big help to reduce landfill waste