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Industrial Revolution
The industrial revolution was a time of mass expansion, and management in building as well as running the businesses grew tremendously during this broad time period. -
Henri Fayol
Fayol was the man who developed the 14 principals of management. The principals gave managers an idea of what they should be doing in order to manage a business properly (Jones, 2014 p.47). -
Max Weber
Max Weber was the first man to develop the idea of Bureaucracy which was an idea to enhance efficiency and effectiveness which would help a business develp and help management make decesions (Jones, 2014, p. 45). -
Scientific Management
This was the first event in history that looked at management and how to improve economic efficiency, as well as productivity for the better of the business. Scientific management was first thought of and discovered by Fredrick Winslow Taylor. The term is also known as "Taylorism" (Jones, 2014 p. 39). -
Henry Ford
Henry Ford was one of the first real managers who made a variety of changes within his company to increase production, and make his employees happy. He wa the inventor of the assembly line with tremendously increased production of Ford cars. He also shortened work days and increased wages which made his company a place people wanted to work. -
Decentralization
Pierre S. du Pont was the first man who introduced decentralisation into his company of Dupont. This idea was put into place to put structure into his business and separte duties, power, and other things to try to elimated too much more and "centralisation" in business (Innovation Starts Here, 2014). -
Participatory Management
Mary Parker Follet was a woman who believed and developed the idea that mangers in a business should work with the people below them and not have too much power over their employees. The manager should lead workers but together as a group; not extremely power driven (Kiechel, 2011). -
Hawthorne Studies
The Hawthorne Study was done at an electric company in Illinois, where observers came in and examined in what enviroment employees would work best. The observers tried to understand for the better of management what need to be done to increase productivity. The only way to increase productivity was to understand what needed to be done to get employees to workk the hardest (Jones, 2014 p.61). -
The Great Depression
The Great Depression wa a very hard time in United States history, no jobs mixed with business not making any money made it very difficult for managers to make decisions. Managers, however, did have the opportunity to cope with tough economic times and learn from it. -
John Maynard Keynes
"The General Theory of Employment, Interest, and Money" was a book written by Keynes which was great for managers in all kinds to learn about how to run a business effectively. The book also stated that creating jobs was necessary for a business to run properly and this was another job for managers (Kiechel, 2011). -
Child Labor Act
The Child Labor Act changed management, as managers were forced to learn how to deal with the inablility for children to work extensive hours as they were used to. They had to come up wtih different plans on how to make up for the children not working (Child Labor in US history, 2011). -
"Barriers and Getaways to Communication"
This was a book written by Carl Rodgers and F.J. Roethlisberger which described how proper communication can enhance business. The book looked into psychotherapy in managers and the role they needed to play for a business to be successful (Kiechel, 2011). -
Theory X and Theory Y
These theories explored the work ethics of workers. What theory X found was that workers are naturally lazy and most do not want to work and would much rather be doing something else. But, what theory Y found was that if workers are monitored and offered incentives to work they really do not mind working and contributing to the business (Jones, 2014 p.53). -
Civil Rights Movement
The civil rights movement allowed managers to select who they wanted working for them much more. This movement opened more job opportunities for many more people which allowed managers the opportunity to make decisions about who to hire as well as the be best way to get all workers to work together. This was a very debated time in United States history and many people did not like the outcome. Get everyone to work together could have been a challege in that time. -
Credit Cards
At this time credit cards were introduced to the public for use which was a buy now pay later mentality that had never been heard of before. Managers had to decide whether or not they wanted to switch their systems to be customer friendly and allow for people to use their new credit cards. This was an important decision all managers faced (Kiechel, 2011). -
Agency Theory
Michael Jensen and William Meckling came up with the Agency theory which was that managers of a corporation and the stockholders that company had to come together in order for the company to be successful. If this was the case the company could grow and managers realized keeping the stockholders happy was the key to being a success (Kiechel, 2011). -
David Garvin
David Garvin wrote the book "Quality on the Line" which was a book written to show the vaste differences and high quality Japanese manufacturers were selling. This made managers think about their products and may have made managers make important decisions on how they could imporve what they were doing in the United States (Kiechel, 2011). -
Sports Management
Around this time sports management programs all over the country were starting to form in Universities. Before this time there really was not too much management done in sports and programs like this would help the sports world in the future as people would learn how to manage a professional sports team. -
Facebook
In 2004 the world was forever changed as Facebook, one of the worlds biggest social media cites was realeased. Managers of all kinds realized this could be a tool to market their businesses. Management was forever changed as more decisions had to be made on how to handle what exactly Facebook was going to do for their business. -
The Great Recession
In 2009 the housing market crashed and unemployment was through the roof; managers had to make decisions and change their approach to business on how they needed to operate. Management had to make adjustments just to keep their careers and businesses afloat.