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Scientific Management Theory
Frederick Winslow Taylor develops Scientific Management Theory in the late 1890s after working his way up in the Midvale Steel Company from gang-boss, to foreman, and finally, chief engineer of the company. It wasn't until 1910 that Taylor's theory was fully credited by his peers. -
Andrew Carneige
Andrew Carneige was strategic business innovator during the United States Industrial Revolution. Carneige earned his fortune in the railroad and steel industries by improving efficiencies and maximizing profits. He is almost one of the largest philanthropists in United States history. His writings, "The Gospel of Wealth," were a guideline for the rich of the world to be more charitable. -
Fordism
Henry Ford begins tinkering with principles of Scientific Management Theory to create a conveyor belt based form of mass production called "Fordism" to manufacture his Ford automobiles. -
Max Weber on Bureaucratization 1909
Max Weber was a leader theorsist on business management strategy. Weber developed his principles of bureaucracy in 1909, during the German industrial revolution. Weber, along with Emile Durkheim and Karl Marx are considered the founders of the study of Sociology. -
Fayol's 14 Principles of Management
Henri Fayol developed his 14 principles of management during his time as CEO of Comambault Mining. He believed these principles to be the most important regarding the management process. Even though these principles were written in the early 20th century, many modern prominent business people still adhere to these 14 principles to this day. -
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Behavioral Management Theory
In the 1920s, the Behavioral Approach was pioneered by Mary Parker Follett, a business management theorosist that took Frederick W. Taylor's management theory and added a "human element" that included studies of how employees react to certain scenarios. -
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The Hawthorne Studies
The Hawthorne Studies began with an experiment regarding the level of lighting at a workplace, and its effect on worker productivity. Researchers were puzzled when they found regardless of the level of lighting, the productivity rose. A noted Harvard researcher, Elton Mayo, proposed additional studies be performed regarding the length of rest periods and hours worked. The study found overall the employees were more productive because of all the attention received during the study. -
Elton Mayo
Mayo was the expert scientist brought from Harvard to further study the phenomenon in the Hawthorne Studies. -
Joseph Juran
Joseph Juran is known in the management world as the "Father of quality." Juran was a statistician who is most well known for his study known as Pareto Analysis, which showed quantitatively that 80% of quality issues in a product can be traced back to a few small, human based errors. -
Maslow's Heirarchy of Needs
Abraham Maslow, a clinical psychologist, is the creator of an employee motivation heirarchy that lists the basic steps of employee satisfaction.
Psychological, Safety, Social, Esteem, and Self-Actualization. -
W. Edwards Deming
In the 1950s Quantitative Approach was the newest strategy in business management. Joseph Juran was in the forefront of Quantitative Approach in the early 40s but Deming had been there too. He was well into his 80s when he was recognized as a quality control expert. -
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Quantitative Approach
A management approach that utilizes hard data, anything mathematical, and applies it to management strategies. -
Herzberg's Two Factor Theory
A behavior study that interviewed employees about positive and negative scenarios. These responses were catergorized into factors that led to productive workplace environments and unproductive workplace environments. -
Douglas McGregor
Creator of Theory X and Theory Y in his book, "The Human Side of Enterprise." -
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Theory X & Theory Y
A study that divided employees into two catergories. Theory X employees are generally lazy and will do as little as possible to get by. Theory Y states that emplyees will do whatever is good for the company. -
Contingency Theory
Created by Tom Burns, G.M. Stalker, Paul Lawrence, and Jay Lorsch, solidified the point that there is no one BEST way to organize a company. Company management is contingent on the characteristics of the environment of the company. -
Alderfer's ERG Theory
Clayton Alderfer created his ERG Theory in criticism of Maslow's Heierarchy of Needs. Identified three basic needs: Existence Needs, Relatedness Needs, and Growth Needs. -
Supply Chain Management
The concept of Supply Chain Management is based on two core ideas. The first is that practically every product that reaches an end user represents the cumulative effort of multiple organizations. These organizations are referred to collectively as the supply chain. Handfield, Robert Ph.D. (n.d.) What is Supply Chain Management? Retrieved from: http://scm.ncsu.edu/scm-articles/article/what-is-supply-chain-management -
Six Sigma
Developed by Motorola, Six Sigma is a set of techniques and tools used for process management. Six Sigma improves the quality of outputs by removing the causes of defects. Six Sigma made its name in 1995 when General Electric's CEO Jack Welch made Six Sigma the business strategy for GE. -
Learning Organization
A Learning Organization is an organization that encourages employees to learn. A Learning Organization is considered an organization that constantly reinvents itself. -
Aaron Feuerstein
When Malden Mills burnt to the ground in 1995, the thousands of employees assumed their jobs went with the company and they'd be employed. However, in a huge surpise, CEO Aaron Feuerstein kept all 3,000 employees on the payroll for 3 months, when a new factory was built in its place. -
Steve Jobs
Steve Jobs was an innovative CEO of a technology company known as Apple. Jobs implemented a brand new type of business model as well; an animated feature film producer known as Pixar. Jobs and his business strategies are the mind behind most of our state of the art technology today. -
Business Process Management
Business Process Management (BPM)is the automation of business processes with the use of information technology. -
BPM & Six Sigma
As of 2010, a popular trend in the business community is the combination of the businesses strategies of BPM and Six Sigma. The tools in this hybrid combination are: Vision, Define, Measure, Analyze, Improve, Control Performance, and Re-Engineer. -
Sylvia Ann Hewlett
Hewlett is an author and a leading expert on talent management. Hewlett is also a leading advocate on women in the workplace. Her latest book, "Winning the War for Talent in Emerging Markets: Why Women Are the Solution" explores the upsides of hiring talented women in the workplace.
