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Scientific Management Theory
A theory used to help with the efficiency in the work place by placing people with specific tasks they worked well at. This theory helped create job specialization, where workers specialize in a certain task and increase efficiency over time.
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Administrative Management Theory
The study of how to create an organizational structure and control system that leads to high efficiency and effectiveness in the workplace.
(Gareth R. Jones, 2014) -
The Work of Mary Parker Follett
Managers should behave as coaches and facilitators, not as monitors and supervisors. Managers of different departments communicate directly which allowed the flow of ideas and decision making.
(Gareth R. Jones, 2014) -
Fayol's Principles of Management
Fayol identified 14 principles that he believe were essential to increase the efficiency of the management process throughout companies. These principles remain the bedrock on which recent management theories are based on today.
(Gareth R. Jones, 2014) -
U.S. Immigration Peaks
The flood of over 1 million workers flood into the U.S. looking for jobs and creating the United States into the industrial nation we see still today.
(The Street Staff, 2011) -
Scientific Management Theory becomes Nationally Known
The 4 Principle's to Increase Efficiency in the Workplace
1. Identify- experimentation which was the most efficient performance method for a task
2. Standardize- the most efficient way (as a rule)
3. Fully Train employees to their specific task (max proficiency)
4. Develope a reward system
(Gareth R. Jones, 2014) -
Ford introduces the Assembly Line
Changed how manufacturing companies worked by sending the product down a conveyor belt having worker by worker specialize in certain part of the build of the product. Reduced cost and time.
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Behavioral Management Theory
The study of how managers should help motivate employees and encourage them to perform and increase efficiency. Give goals to work for within the company.
(Gareth R. Jones, 2014) -
The Hawthorne Studies
Setting a specific amount of lighting and illumination in the workplace could affect employee's moral and productivity.
(Gareth R. Jones, 2014) -
Minimum Wage and 40-Hour Week
Fair Labor Standards Act establishes first minimum wage and 40-hour week.
(The Street Staff, 2011) -
The First Commercial Television Broadcast
The use of the television is now being used to sell companie's products to consumers around the world. Helped create advertising and marketing.
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Management Science Theory
Managers used quanitative techniques to make decisions and maximize the use of organizational resources.
(Gareth R. Jones) -
The Bretton Woods Agreement
Sets currency agreements and establishes fixed exchange rates for major currencies. Also helped start the IMF known as the World Bank.
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Organizational Environment Theory
A study of how managers can influence the behavior within an organization and to consider how the managers can control the organization's relationship with the external environment outside of the workplace.
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Equal Pay Act
Companies were no longer allowed to pay women lower wages for the same jobs as men. Allowed for equal pay for the same work.
(The Street Staff, 2011) -
Civil Rights Act
Provisions to help outlaw race and gender based discrimination in the workplace.
(The Street Staff, 2011) -
Occupational Safety and Health Act Passed
Sets standards of health and safety codes that a compay must meet in the workplace for their employees.
(The Street Staff, 2011) -
Invention of the Personal Computer
Steve Jobs and Wozniak introduced the Apple II which was the first color screen and keyboard for the everyday user. Households and businesses were able to purchase and afford these coputers for use, no longer just hobbyists.
(History.com Staff, 2011) -
The Black Monday Crash
The DOW Jones Index dropped 508 points on "Black Monday" which causes a fear that the U.S. economy will head into a recession.
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Launch of the World Wide Web
The use of the internet and computers has changed how business around the world is conducted. Being able to communicate and respond in a moments notice to someone around the world.
(The Street Staff, 2011)