Industrial Revolution and Its Consequences,
Industrial revolution refers to the rapid and complex changes, both socially and economically, mainly because of introduction of extensive mechanization resulting in a change in production. Mechanization changes the formerly small scale hand based production to a large scale production system that employs extensive use of machinery (Mokyr, 1985). Before 1750, the then population of the world depended on natural means to meet their everyday needs. All the basic needs be it food, shelter, clothing, were all obtained from the available natural resources. However, in the period 1750 to 1850, there were notable changes that affected lives of many people as a result of introduction of machinery. This paper intends to discuss how cotton textile played the biggest and most important role in industrial revolution.i
Two Major Theorist in Corporate Social Responsibility
Howard R. Bowen was the founder of the concept of corporate social responsibility. In his book "Social Responsibility of the Businessman", Bowen argued that business was a major force that touched the lives of numerous individuals. Since business was inextricably and continuously involved in processes of judgment and decision-making, many of their proposals and assertions touched the lives of vast numbers of citizens. These included not only employees of the firm but also their families, acquaintances, and so forth. The larger the firm, therefore, the more corporate responsibility, accordingly the industry had in regards to the decisions that it formulated. Carroll connected corporate social responsibility to business education in a further way by arguing that the concept of corporate social responsibility could be still further clarified were managers to delegate ethical responsibilities to their employees and provide employees with clear-cut ethical principles. As incorporated in the modern industries, businesses structure their missions that mostly follow specific ethical principles. Home sites of all businesses tend to have some missive of ethics as their regulations.
Both Carroll and Bowen shaped the 21st century business in an important way by delineating its social responsibilities. Bowen, the father of corporate social responsibility, introduced the subject as well as its importance, whilst Carroll delineated on the specificity of the construct and expended on it in its various particulars.