1. Productivity and efficiency: The central objective was to increase the output and efficiency of the production processes. Businesses aimed to adopt new technologies, improved machinery, and scientific management techniques to reduce costs, increase production capacity, and boost overall productivity.
2. Mass Production: The Industrial Revolution facilitated mass production, where goods could be manufactured on a large-scale. The goal was to produce standardized products in large quantities to satisfy the rising demand of the growing population. This approach led to lower prices, increased availability, and expanded markets.
3. Industrial Automation: Businesses focused on automating production wherever possible. The utilization of mechanized machinery and assembly lines replaced manual labor and significantly accelerated the production process. Automation aimed to reduce human dependency and increase productivity.
4. Standardization and Quality Control: In order to maintain consistency and ensure product quality, standardization became crucial. Businesses established quality control measures to guarantee the reliability and performance of their products. This approach helped build trust and maintain consumer confidence.
5. Maximization of Profits: Ultimately, the primary objective of businesses was to maximize profits and generate revenue. By increasing productivity and reducing costs, businesses could earn higher returns on investment.
6. Market Expansion and Global Reach: With the advancements in transportation (such as steam-powered ships and railroads), businesses had the opportunity to expand their markets beyond local regions and reach global audiences. The goal was to diversify their customer base and increase market share.
Overall, the latter part of the Industrial Revolution was characterized by a strong emphasis on efficiency, mass production, automation, and profit maximization.