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Industrial Revolution
The Industrial Revolution, known as the First Industrial Revolution, was the transition to new manufacturing processes in Europe and the United States, in the period from about 1760 to sometime between 1820 and 1840. -
Division of Labor
The Division of Labor is the idea of splitting jobs into repetitive task. This was actually a brilliant idea because this increased the productivity of the employees, and skill set. This idea also saved time and encouraged the idea of developing labor-saving machinery. -
decentralization
process by which decisions are made by managers at various levels within an organization. Centralization and declination were thought of basically at the same time -
Centralization
refers to the concentration of power among a few key decision-makers -
Scientific Managment
scientific management seek out to increase creativity and make work easier by carefully studying work procedures and determine the best way to perform a task -
Department of Labour
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Assembly Line
Henry Ford started the assembly line for the Ford Model T. This changed the way that cars were put together in the future. -
Total Quality Managment
It was created to make sure products and workers would work towards completing their job. -
hierarchy of needs
a man named Maslow thought up of this, he thought that grouping and ordering of physical security, social, and self-fulfillment are important needs. -
Theory Y
Douglas Mcgregor thought up of this theory that if people find satisfaction from working then they are in the theory y category. -
business ethics
business ethics in the united states can be viewed as the intersection of three intertwined strands, with each strand serving a purpose -
Theory X
A man named Douglas Mcgregor developed two contrasting theories, these two theories were called theory X and theory Y. Douglas saw theory X as if you disliked your work environment and has very little motivation to do your job this is considered theory X. -
Theory Z
this was invented by a man called William Ouchi it followed the theory x and y. He said we were able to learn from other countries on how to adapt to business. -
Monopoly
occurs when one party maintains total control over one type of industry
