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Industrial Revolution
The Industrial Revolution is a timespan where mass production of product and jobs by the use of machinery had started. This huge event had started management because before the industrial revolution, people hadn't needed managers. Because of the new jobs, there needed to be employees. Because there were so many employees, there needed to be someone to ensure they do their jobs right. -
Scientific Management
Scientific management is designed to increase productivity and make work easier by studying work procedures to find which one is the most efficient. This is important to management because this is one of the main types of management that is still used today. -
Centralization
Centralization is the concentration of power among a few key decision makers. This can cause problems for businesses. For example, if one of the decision makers makes a wrong decision, then it can possibly ruin the business. This is important for management because some people run their companies with key decision makers. -
Decentralization
Decentralization is the spreading of powers and decision making between different levels of management. This is important to management because a lot of companies use decentralization to help create diversity in decision making and it helps companies root out bad ideas. -
Maslow's Hierarchy of Needs
Maslow's Hierarchy of Needs is Abraham H. Maslow's grouping and ordering of physical, security, social, status, and self-fulfillment needs. This is important to management because a manager can help an employee reach some of these goals. -
Theory X
Theory X is the belief that workers are lazy and will avoid working when they can. Managers that follow this theory impose strict rules to make sure their employees are doing their best. This is important to management because a lot of people like to manage with a theory x mindset. -
Theory Y
Theory Y is the belief that employees love their jobs and are motivated to work. Because of this, managers are less strict with their rules and allows employees to make mistakes. This is important to management because it is still commonly used today. -
Theory Z
Theory Z, developed by William Ouchi, is the combination of Japanese and American management styles. Theory Z encourages employees to be generalists instead of being specialists, meaning if a department is struggling, more employees can help them because they have knowledge of several departments instead of just one. This is important to management because it combines several management concepts and applies them to the workplace. -
Change Management
Change management is how a business helps its employees prepare for changes in the business. This is important in the management world because it can seriously help employees in the case of some major changes in a business. -
Blended learning
Blended learning is the replacement of constant face-to-face learning with learning done online or at home. How much of the face-to-face learning is replaced depends on the subject and/or lessons being learned, which can be anywhere from 30-70%. This is important to management because it uses theory z to help students learn what to do in person or (if needed) online as well.
