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Centralization
During the Industrial Revolution, the factory system used division of labor, unskilled workers, and a centralized workplace to mass produce products. Later they found decentralization was a better method to use so most companies switched but not all. Some companies like the one man having all the power. -
Scientific Management
Fredrick Taylor developed the Scientific theory “Scientific Management”. In the early 1900s, there was an increase in worker productivity. Although its purpose was to give tools necessary for maximum efficiency and output, it created an assembly line atmosphere. -
Trust
Stockholders of several competing corporations turn in their stock to trustees in exchange for a trust certificate entitling them to a dividend. Trustees ran the companies as if they were one. -
Decentralization
An example of this is a fast food chain because each restaurant has its own rules but they are controlled by the larger company. The first food chain company was White Castle and as of today there are a thousand different food chains in the world and of a billion different locations. -
Hierarchy of needs
The first appearance the Hierarchy of needs pyramid made was in the 1960s. This pyramid guaranteed “maximum motivation at the lowest cost”. -
Theory X
In 1965, according to a research survey 70 percent of people do not show up to work not ready to give their best work for the day. 52 percent of those people are practically sleeping through the day and the other 18 percent are just to busy being unhappy. -
Theory Y
In the same survey Douglas McGregor formed an opposite of the x theory, the y theory. This theory started the employees think their jobs are relaxing and normal. If the job they are doing rewarding and satisfying the employee will most likely going to be loyalty and commitment to their work. -
Theory Z
According to Ouchi, Theory Z management tends to promote stable employment, high productivity, and high employee morale and satisfaction. -
TQM
A famous TQM happened on the 3 mile island. The accident that caused a nuclear bomb and killed countless lives. This is a TQM because after this event happened they had improved the quality and productivity by making the workplace safer. -
Monopoly
Helen of Troy in Texas took over the Hydro Flask company. This is important because after they took over the Hydro Flask company they started to sell more than a thousand more than they did at the local food markets they originated from.
