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Industrial Revolution Starts
The industrial revolution was the first step in management because it created the need for them. People in the work force were becoming more efficient and specialized with newer technology. This demand led to the first real managers. -
Centralization
This was the first practice with management. In earlier times, this was viewed as the only way to manage a company until later theories gave more options and insight. During the revolution era, all companies were ran by singular powerful people -
The development of Taylorism
Taylorism shaped what is also known as scientific management, which is important to modern management. This method of management promotes success in the work force which is one of the primary objectives of a manager. Although Taylorism never looked at the needs of people, it's basis allowed for business' to have much more productive employees. -
Monopolies
Before their ban, monopolies shaped management because it introduced these large companies which didn't exist prior. Suddenly massive companies like the steel industry had need for multiple levels of management in order to maintain the massive number of employees. -
Total quality management (TQM)
This is the practice of continually lowering errors and issues within your company. In addition to this, offering help and the best experience possible with all consumers. All of these work to accomplish the goal of having as happy customers as possible because happy customers are likely to come back again and again. The big deal with management is that this practice holds the business responsible to constantly evaluate it's errors and improve. -
Decentralization
This model provided a different system of management, instead of them always being centralized. Decentralization allows multiple levels of manager to each make decisions instead of all of the problems going to the top. Typically, this plan also divides work under separate groups which are in charge of themselves. -
A Theory in Human Motivation is written
This paper encompassed Mazlow's hierchy of needs. Mazlow's is very important in modern Management because it makes modernized management to look at the needs of every employee. -
The MBO process
MBO (management by objectives) was introduced as a strategic management model that works to clearly identify objectives. Then, it is determined the best way to reach these objectives. Having objectives that seem reachable is said to promote participation and commitment among employees. -
Theory X and Theory Y
McGregor developed 2 contrasting theories that forever changed management in our modern world. Theory X claims all workers are lazy and must be forced in order to be productive. While on the other hand, Theory Y thinks all employees want to achieve greatness, so they will strive to do their best. On a larger scale, Theory X represents an authoritarian system while Theory Y represents a participative system. Modern Companies choose between these models depending on what works best. -
Theory Z
The discovery of theory Z added another option rather than just X and Y. This theory essentially takes values from both to combine them into a model for collectivism.
