Business timeline

By Cajsa
  • Period: to

    Managment timeline

  • Sherman Anti-Trust Law

    The Shermann Anti-Trust Law was the first measure passed by the US Congress to prohibit trusts. Trusts were used to destroy competition, the Shermann Law puts such acts illegal.
  • Bureaucracy

    formal system for organization and administration to increase efficiency and effectivness.
  • Conveyer belt

    When Henry Ford and his managers came up with the idea of a convayer belt for manufacturing which greatly improving the speed of production.
  • Problems with Taylors system

    The use of Tolors systmes scientific management was nationally used and it was working. However, instead of giving workers bonuses like stated, workers were given more work to do and others were laid off. Dissatisfaction in jobs rose. Workers became distrustful of managers.
  • Principles of Management

    Fayol, CEO of Comambault Mining, identified 14 principle, he believed, essential for an increase in efficiency of management process.
  • Taylorism

    Taylor turned management from an art to science by developing the four principles of scientific management. It is the foundation for management today.
  • The Human Factor

    Mary Parker Follett was concerned about the human side of the organization. About letting emplayee's participate and exercise initiative may benefit the company.
  • The Hawthorne Studies

    Elton Mayo questioned the behavioral assumptions of scientific management. It was decided that the human factor at the work place was more impartant then the conditions to motivate imployee's.
  • Human Relations Movement

    Supervisors should be trained(behaviorly) to manage subordinates to elicit coorperation for better productivity.
  • Management Science Theory

    Managers using quatitative techniques to maximize the use of resources to produce goods and services.
  • Behavioral Management

    How managers should behave to motivate their employee'sand encourage them to perform at a higher level.
  • Organization Development

    Kurt Lewin researched organized development and studied group dynamics. He discovered that learning is best used when there is a conflict between experience and detached analysis or a person.
  • Sociotechnical System Theory

    Sociotechnical Systems Theory considers social and technical aspects when designing jobs. There are four basic components to sociotechnical theory:
    ◦environment subsystem
    ◦social subsystem
    ◦technical subsystem
    ◦organizational design.
    (research led by Eric Trist)
  • Andrew Carnegie

    First company to make steel fast. Carnigie invested in new technology as he set up his businessand using new methods to make steel faster then any other company.
  • Hierarchy of Needs

    From Maslow's hierarchy of needs theory, the hierarchy of needs says that higher needs, such as self-actualization, is expressed only after lower needs are fulfilled first.
  • Theory X and Y

    Douglas McGregor's Theory X and Theory Y principles influence the design and implementation of personnel policies and practices.
  • Contigency Theory

    There is no one way to organize. The organizational structure chosen depends on the external enviroment of the company.
  • Mechanical and organic sturctures

    The same people who wrost about the contingency theory also spoke of these two structures.
    Mechanical structure-authority is centralized at the top with a vertical hiarchy.
    Organic structure-authority is more near the middle with loxer manageres encouraged to take responsibilty.
  • Learning Organization

    It values teams and leadership throughout the ranks. He called for five disciplines:
    ◦System Thinking
    ◦Personal Mastery
    ◦Mental Models
    ◦Shared Vision
    ◦Team Learning
  • Ethics

    On December 11, 1995 a fire burned most of Malden Mills to the ground and put 3,000 people out of work. Most of the 3,000 thought they were out of work permanently. CEO Aaron Feuerstein says, “This is not the end” — he spent millions keeping all 3,000 employees on the payroll with full benefits for 3 months until he could get another factory up and running. Why? He answers, “The fundamental difference is that I consider our workers an asset, not an expense.”
  • Business Process Management (BPM)

    This is actually a slow advance in process management that has the following roots:
    ◦Record Management
    ◦Workflow - 1970
    ◦Business Process Re-engineering (BPR) - 1990
    ◦Business Process Management (BPM) - 2000
  • The Gilberts

    They refinced Taylors analysis of work monments even taping workers and breaking the process down. They noticed how stress, fatigue and other small factorscould effect the performance.