1. What are my key takeaways from this module?
My key takeaways about this module is the 4 stages of evolution of economic life:
First is the: Stone Age (5 million-10,000 B.C)
Also known as the Palaeolithic age, came with the appearance of Homo habilis, the precursor to modern man in Africa approximately 5 million years ago. The exchange of goods between groups was rare as no organized trading system existed.
Second is: Agricultural Revolution (10,000 B.C-5,000 B.C)
Millennia after millennia, humans have become extremely adept at hunting, and this has led to the extinction of big animals. This ushered in the second wave of entrepreneurial innovation –agriculture, discovering agriculture was ground breaking. People realized the natural power of the land to support many families that later became cities, even today, a large part of the world’s population still has the effects of the agricultural revolution.
The third one is: Industrial Revolution (1800-1950 A.D)
This age first appeared in England at the start of the nineteenth century. In 1733, John Kay invented the “flying shuttle,” a new mechanized method of weaving cloth
(Hills, 1998). This is not because of the lack of technology but the lack of equitable property rights, social order, and administrative organization which could allow for
technology to be productively applied (Olson, 1996).
And the last one is: Information Age (1950-to the Future)
The very recent historic leap of entrepreneurship came with the rapid shift from the Industrial Revolution to information technology in the 20th century (Zimmerman,
2017; Manuel, 1996). The production of goods was through bits or bytes that are easy to produce and readily accessible through the computer across the country and globally. Through ICT product design, subsequent manufacturing processes can be effectively and efficiently made compared to the labor-based and expensive traditional product design and processing.
2. How did technology change me?
Technology change me of who I am today! Technology evolved in every revolution but the modern technology has paved the way for multi-functional devices like the smartwatch and the smartphone. Computers are increasingly faster, more portable, and higher-powered than ever before. With all of these revolutions, technology has also made our lives easier, faster, better, and more fun. The modern technology taught me on and allow me to communicate instantly with the other people, but technology never change my behavior when it comes to respecting others.
Cherry Mae's Blog 