The present essay is composed of parts, which are aimed at illustrating different aspects of the revolution that occurred in the business sector. The first part of the essay is intended to examine and discuss industrial revolution that occurred in the period from 18 th to 19 th century. It has been established from the analysis of the study that was conducted by Beniger that industrial revolution was an era in which the rural and predominately agrarian societies of America and Europe became urban and industrial. Industrial revolution fostered considerable technological innovation and scientific advancements (Beniger 1-4). These advancements are reported to be in the form of industrial and agricultural production, changes in the lifestyles, as well as economic expansion. In addition to this, industrial revolution also developed the new sense of civic pride and national identity.
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