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Taylorism
Frederick Winslow Taylor, "Encourages managers to think of their employees as specialized, replaceable components. By studying work methods and directing people more precisely, bosses could "secure the maximum prosperity for the employer, coupled with the maximum prosperity for each employee." Tanz, 2003 -
Federal Reserve Act of 1913
"Provided for the establishment of Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes." -
frank and lillian gilbreth
Increase efficiency by reducing motion -
Henry Fayol's Principles
"One of the earliest theories of management to be created, and remains one of the most comprehensive. He's considered to be among the most influential contributors to the modern concept of management" -
Henry Ford Raises Wage/Shortens Work Week
Henry Ford turns workers into consumers. -
19th Ammendment
Gives women the right to vote, a significant step in cultural, social, and managerial reform -
Crash of 1929
Poor individual management and negligence led to over-buying of stocks Rosenberg, n.d. -
Max Weber's Principles of Bureaucracy
"The bureaucratic form is the ideal way of organizing government agencies." -
Hawthorne Studies
"Performance of employees is influenced by their surroundings and by the people that they are working with as much as by their own innate abilities." -
Hewlett-Packard Style
"Management by Wandering Around," encourages bosses to leave their offices and chat with their employees. -
A Bomber an Hour
Prelude to Lean Manufacturing, and later Just-In-Time production SORENSEN, CHARLES E., My Forty Years With Ford. New York: W.W. Norton, 1956. -
Mazlow's Hierarchy of Needs
"Perhaps it is better to say that all of life must be first be known experientially. There is no substitute for experience, none at all." -
Boston Matrix
"Puts each of a firm's businesses into one of four categories. The categories were all given memorable names—cash cow, star, dog and question mark—which helped to push them into the collective consciousness of managers all over the world." -
Theory X and Y
"Based upon Maslow's Hierarchy of Needs. Grouped the hierarchy into lower-order needs (Theory X) and higher-order needs (Theory Y). Suggested that management could use either set of needs to motivate employees, but better results would be gained by the use of Theory Y, rather than Theory X. These two opposing perceptions theorized how people view human behavior at work and organizational life." -
Civil Rights Acts
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The Social Responsibility of Business is to Increase Its Profits
Milton Friedman brings about a new way of thinking -
Occupational Safety and Health Act
Establishes safety standards within a firm. -
Competative Strategy - Michael Porter
"Competitive Strategy: Techniques for Analyzing Industries and Competitors, 1980" -
Fall of the Soviet Union
Management (especially international) practices now must be adjusted in this new unipolar - instead of bipolar - political world. -
Family and Medical Leave Act
Allows employees of a company with 50 or more employees to take up to 12 weeks of unpaid leave for family and medical reasons each year. DOL, 2014 -
John Kotter, Why Transformation Efforts Fail
The art of pursuading people and organizations to change. -
Teresa Amabile, How to Kill Creativity
How Managers crush employee's ability to innovate. -
Dot com Bubble Peaks
1997-2000, the dot com bubble forces firms to re-think their management tactics given the uprise of internet shopping. This will continue until present day. -
Reverse Innovation
Companies must develop products in lower income countries and redistribute Immelt, et al. -
Fair Labor Standards Act
Sets minimum wage and overtime standards. USDL, 2014
