Business management

Timeline created by smithm4
  • industrial revolution

    industrial revolution
    the transition to new manufacturing processes in Europe and the United States; with farmers moving into factory work, management became necessary to organize and handle all of the workers
  • monopoly

    the exclusive possession or control of the supply of or trade in a commodity or service
  • centralization

    a setup in which the decision-making powers are concentrated in a few leaders at the top of the organizational structure
  • scientific management

    scientific management
    management of a business, industry, or economy, according to principles of efficiency derived from experiments
  • trust

    a structure where a trustee carries out the business on behalf of the trust's members; allows for mutual profit
  • business psychology

    business psychology
    the study and practice of improving working life. It combines an understanding of the science of human behavior with experience of the world of work to attain effective and sustainable performance for both individuals and organizations; can allow for management to better understand how to treat employees and solve problems
  • hierarchy of needs

    hierarchy of needs
    hysiological needs are universal human needs. Physiological needs are considered in internal motivation according to Maslow's hierarchy of needs
  • theory x

    theory x
    theories of human work motivation and management; lazy; used as a way for efficient management depending on the task
  • theory y

    theory y
    theories of human work motivation and management: motivated and hard-working; way of efficient management depending on the task
  • theory z

    theory z
    used in human resource management, organizational behavior, organizational communication and organizational development