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Farmers decreased as mass production and major companies increased.
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Industrialization marked a shift to powered, special-purpose machinery, factories and mass production.
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United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices.
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The first Federal act that outlawed monopolistic business practices.
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The exclusive possession or control of the supply of or trade in a commodity or service
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Father of Scientific Management and efficient workflow.
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Scientific management is a theory of management that analyzes and synthesizes workflows. Its main objective is improving economic efficiency, especially labor productivity.
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The Hawthorne studies were part of a refocus on managerial strategy incorporating the socio-psychological aspects of human behavior in organizations.
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Maslow's hierarchy of needs is a motivational theory in psychology comprising a five-tier model of human needs, often depicted as hierarchical levels within a pyramid.
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The concentration of control of an activity or organization under a single authority. Decentralization would be the opposite.
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A system of management based on the principle that every staff member must be committed to maintaining high standards of work in every aspect of a company's operations. Including Deming's 14 points.
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Theory Y managers assume employees are internally motivated, enjoy their job, and work to better themselves without a direct reward in return.
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This management style assumes that the typical worker has little ambition, avoids responsibility, and is individual-goal oriented.
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An approach to management based upon a combination of American and Japanese management philosophies and characterized by, among other things, long-term job security, consensual decision making, slow evaluation and promotion procedures, and individual responsibility within a group context.