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Monopolies
During the late 1800s, numerous monopolies existed in the United States. -
American Industrial Revolution
Changes in technology, communication, and transportation cause the revolution. -
Interstate Commerce Act
Congress passed the first major piece of regulatory legislation within a business setting. -
Publication of Scientific Management
In 1909, Frederick W. Taylor published "The Principles of Scientific Management," which had 4 main principles. -
Hawthorne Studies of Productivity
Individuals modify an aspect of their behavior in response to their awareness of being observed. -
Maslow's Hierarchy of Needs
Physical, security, social, status, and self-fulfillment needs are the five levels of Maslow's Hierarchy of Needs. -
TQM
A system of management based on involving all employees ina constant process of improving and productivity by improving how they work. -
Theories x and y
In the 1960s, social psychologist Douglas McGregor developed two contrasting theories that explained how managers' beliefs about what motivates their people can affect their management style. -
Glass ceiling
The term glass ceiling was coined in the spring of 1978 by Marianne Schriber and Katherine Lawrence at Hewlett-Packard. It is the invisible barrier preventing minorities and women to grow in the work place. -
Theory Z
A business management theory that integrates Japanese and American business practices.
