business timeline

  • frederick taylor scientific management

    frederick taylor scientific management
    Fredrick Taylor's principles of scientific management- Emphasizing the system rather than the employee and placing a role of managers above the role of non-managerial staff. The term refers to planning the enterprise for everyone's benefit including hiring wages for labor.
  • rise of businesses

    rise of businesses
    A lot of people started small and then made very big business. In 1863 steel was one of the largest shipbuilders in the world. By 1899 it was selling almost 1 trillion worth of iron.
  • downfall

    downfall
    In 1870 there was a breakup of trust and people started questioning why some businesses were driving others out of business.
  • technology

    technology
    Another thing that made working easier was the rise of technology and when the telephone was created , it made communication a lot easier. That was a big key in a business because communication is key
  • monopolies

    monopolies
    In 1890 congress passed the sherman antitrust act which made it legal for companies to create monopolies
  • hawthorne study of productivity

    hawthorne study of productivity
    In the 1920s Hawthorne started studying productivity with experiments like lower or higher lighting and how well employees worked based on the lighting.
  • maslow's hierarchy of need

    maslow's hierarchy of need
    maslows hierarchy of needs is a theory of motivation broken into 5 categories physiological needs, safety needs, love and belonging needs, esteem needs.
  • the practice of management

    the practice of management
    The practice of management- In 1954 Peter Drucker published a book called The changing world of the executive where it helps to break down five basic roles of managers. Those five objectives are planning, Organizing the employees, motivating and communicating, measuring employees work performance, and developing staff.With these objectives it helped people to see being a manager as a separate responsibility.
  • theory x and y

    theory x and y
    Theory X and Theory Y-These two ideas proposed by Douglas McGregor in the early 1960´s and theories of human motivation and management.Theory X assumes employees are lazy and hate their job,resulting in them doing as little work as possible and the manager would have strict rules and making it so they are the only one to make decisions for the employees.While theory Y assumes that People like their jobs and will work and that managers give their employees more freedom
  • theory z

    theory z
    Theory Z-In 1980's William Ouchi wrote a paper proposing a new theory called theory Z which combined japanese and american business styles. Theory Z takes parts of Japanese business management of collective decision making and parts of America's individual responsibility. This also lead to workers desiring jobs that had long term job security and promotion procedures
  • learning organizations

    learning organizations
    Learning organization- In 1990 Peter Senge helped to popularize the idea of learning organization.The idea is that the organization has the capability to shape its own future. In order for this idea to occur you could need system thinking,person mastery,mental models, shared visions and team learning.