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Andrew Carnegie
Carnegie was a very intelligent man who was always bound and determined to find have the cheaper price of any company in the same type of business as him. He also looked into what other companies were doing and wanted to do better, and more efficently. He was able to do this by having low operating costs and did not pay his workers well. They worked 12hour days, 6hours per week. (George, Jones, 2014, pg 44) -
Scientific Management
Fredrick W. Taylor decides to time his workers to see how long it takes them to do their specific task. As he did this he decied to study their work performance, then put each person in a group and give them a specifiv work task. He also developed the 4 principles to increase efficeny in the work place. (George, Jones, 2014, pg 39) -
Peter Drucker
Peter Drucker was born, the most influential and wide-ranging management thinker of the 20th century and he wrote over 36 books! (Tanz, 2003) -
First Minimum Wage Laws
The first minimum wage law was established in 1912 in Massachusetts. Although businesses were required to pay minimum wage, there was an acception for subminimum wages. They were allowed to learners, children, and "slow" workers. (Tanz, 2003) -
Fordism Began
Henry Ford was having a huge turnover rates. This problem developed because Ford's employees were unable to handle the work induced stress. This gave Ford the idea to motivate his employees to stay. He decided to shorten work days from 9hours to 8 hours and also give a pay increase from $2.50/hour to $5.00/hour. This lead to the hiring supervisors to keep a close eye on Ford's workers. They were not to leave their assigned spot and talk to other workers. (George, Jones 2014, pg 41) -
The Theory of Burreaucracy
Max Weber developed the five principles of burreaucracy. These rules and procedures are to be followed and obeyed by workers. Weber felt that organizations that follow these principles improves their organizational performance. (George, Jones 2014, pg 46) -
Fayol's Principles of Management
Henri Fayol was the CEO of Comambault Mining, during his time there he identified the 14 principles that he thought were the keys of the management process. The principles are based on management and those of higher authority. How these people should manage and respect workers. Also give them equal opportunites. This principles are still used to this day in the 21st century.(George, Jones 2014, pg 46-50) -
Gilbreths
The Gilbreth's really respected Taylor's thoughts and ideas. Their goal was to have their workers have tasks performed more effiecently "at less cost in time in effort". They were focused on the study of fatigue. How a work environment can affect a workers performance based on lighting, wall colors, and types of equipment. This study really lead to new advances in management technology. (George, Jones 2014, pg 42) -
Hawthorne Studies
The Hawthorne studies began as a study to investigate the settings of the work place. In this study they looked at the lighting, wall colors, machines and other things that could affect a workers performance. They discovered that a big factor in a workers performance was the managers themselves and how the workers were treated. These discoveries have been used in the work place for a long time. (George, Jones 2014, pg 52) -
Mary Parker Follett
Mark Parker is considered to be the "mother" of management. She believed that Taylor ignored how managers should behave towards the workers. She spent lots of time studying this and trying to change it. She once said, "authority should go with knowledge... whether it is up the line or down." Workers should be looked at for the knowlege and experience they have, and do the job they know. Not be "managed" on what they are doing. (George, Jones, 2014, pg 51) -
Fair Labor Stands Act of 1938
The Fair Labor Act banned opprensive child labor and set minimum wage to 25 cents, it also set the maximum hour of work hours per week to 44.
Many people were ooposed to Presiden Roosevelt on his thoughts on weekly wages. One news commentator said " how can a man with $1,000/day say a wage of $11/week for works would be disasterous the American Industry". -
Post-World War II Strike Wave
This was after WWII when several workers went on strike. It took place in California and througout several cities. They went on strike to try and get wage increases. This strike lasted 54hours from December 3, 1946 until December 5 @ 11:00am. -
Theory x and Theory Y
Douglas McGregor conducted a study after WWII about workers' attitudes and behavior affected managers' behavior. Theory X said that workers were naturally lazy and had no interest working at all. Theory Y was the opposite, people didn't mind working and wanted to do what was best for the company.With studies shown how people were treated by managers this lead to workers and managers be on a firstt name basis and get to know each other. (George, Jones 2014, pg 54) -
Project Management Institute
During the 1950s and the 1960s globalization took place. In 1969 the PMI began. It is the worlds leading not-for-profit organization for those in different aspects of business. There are over 2million members. Their goal is to help with professionalism, project management, resources, tools and other things to help lead business and goverment. (Taylor Jr. 7/6/2011, pg 1) -
Bill Gates
Bill Gates is the co-foundeder of Microsoft, he was the CEO from 1975-2000. He had a graet style of management, and his main goal was to keep a "tight control project strategy" not matter what the company went through. He was able to create one of the largest companies in the world. If it wasn't for his management skills mircosoft probably wouldn't be what it is today. (Bhasin, 2011) -
Peters & Waterman
Peters and Waterman studied 62 organizations in the 1980's and question they had in mine was "how do these organizations run so well?" They spent time looking into these organizations to find out that the main reasoning is how well their management is. The managment used the principles of Fayols. These companies would have efficent resources. (George, Jones 2014, pg 50) -
Meg Whitman
The former CEO joined Ebay in 1998 and stayed there until 2008. In that ten year period she did some amazing things. She grew the employee size from 30 employees to 15,000 employees. She also managed to get their revenue from $4million to $8million throughout her time at ebay. With her background and knowledge in management she was able to bring new ideas to the table such as Paypal and Skype. Being a woman CEO changed a lot of things. (Bhasin, 2011) -
Mark Zuckerberg
The creater of Facebook. He started this company in 2004 out of his college dorm room and is now the world's youngest billionaire. He once said, "It's not about the price. This is my baby, and I want to keep running it, I want to keep going it". For being the youngest billionaire, he has quite the managerial skills. Having as many emplyees as he does, and still has the desire to run a company is incredible. He brought the world to a whole new level of social media with new ideas. (Bhasin, 2011) -
Indra Nooyi
CEO Indra Nooyi joined Pepsi in 2000, but became the companies CEO in 2006, the 5th CEO in the companies history and the first female CEO. With the knowledge she has brought to the company its now expanded throughout different countries, and has locations throughout the world. There are tens of thousands of employess, and the company continues to go. Its networth now is at $111 billion dollars. Pepsi is now the largest food-beverage company in Russia. (Bhasin, 2011) -
Steve Jobs
Apple is a company that has had its up and downs, and a lot of that is based on the management that it has had. It took a turn in the right direction when Steve Jobs came back to the company and became CEO. He had a different philosophy on management. He viewed profit as necessary, not sufficient. With this outlook it completely changed Apple today in the 21st century. (Jossey-Bass,2010)