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Period: to
Evolution of management
things have changed over time in the world of management and it started with Scientific Management Theory -
New theory
The new theory at the time was that Scientific Management Theory all by a man named Frederick Winslow Taylor, -
Scientific management
the theory asserts there is one best way to do a job and scientific methods can be used to determine that "one best way" -
WW1
destroyed the global integration of capital markets. ... Germans were not even allowed to trade on the London Stock Exchange for years after the war was over. London lost its place as the center of global finance during the war as its role as the center of global finance was passed on to New York -
Administrative Theory
the amalgamation of history, organizational theory, social theory, political theory and related studies focused on the meanings, structures and functions of public service in all its forms -
TQM
consists of organization-wide efforts to "install and make permanent climate where employees continuously improve their ability to provide on demand products and services that customers will find of particular value." -
Human Relation theory
a school of organizational thought which focuses on worker satisfaction, informal workplace organizations, and a means of influencing employee productivity. Unlike scientism, human relations theory does not view workers as essentially interchangeable parts. -
WW2
was the most extraordinary mobilization of an idle economy in the history of the world. During the war 17 million new civilian jobs were created, industrial productivity increased by 96 percent, and corporate profits after taxes doubled. -
Hierarchy of needs
an idea in psychology proposed by Abraham Maslow in his 1943 paper "A theory of Human Motivation" in Psychological Review. There is little scientific basis to the idea: Maslow himself noted this criticism -
Theory X any Theory Y
Theory X assumes that an employee dislikes work, while theory Y presupposes that work is natural for employees. Theory X says that employees are unambitious, whereas the employees are highly ambitious says Theory Y. ... The leadership style adopted by the management, in the case of theory X is autocratic -
Theory Z
a name for various theories of human motivation built on Douglas McGregor's Theory X and Theory Y. Theories X, Y and various versions of Z have been used in human resource management, organizational behavior, organizational communication and organizational development.
