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Industrial Revolution
The Industrial Revolution, in simple terms, was the upgrade from handcrafted tools to more of a machine and manufacturing way of creating things. Not only was the production of items largely increased, but the quality was better than ever. Despite the economy and business side of things, the world outside of the industry suffered. Pollution was at an all-time high and began the worry of climate change. Many workers didn't get paid fairly for their work and the working quarters were unacceptable -
Scientific Management
Made work easier when management worked their way around schedules and chose who was fit to do which work -
The Break-Up of the Trusts
Multiple people were worried about the concentration of wealth in the hands of a few rich people. Legislators and the public started voicing their concerns and agreeing with one another. The government decided to begin regulating business. -
Creation of Monopolies
It gained total control over a type of industry by driving out competitors and combining companies -
Centralization
refers to concentration of power among key decisions. Important decisions are decided by lower level workers giving them responsibility. -
Decentralization
Decisions are made by managers within an organization providing for the needs of people and their conditions -
Hierarchy of Needs
It increased productivity when the managers gave their workers attention (bonuses, etc) -
Total Quality Management
Eliminating errors in manufacture. The history of total quality management (TQM) began initially as a term coined by the Naval Air Systems Command to describe its Japanese-style management approach to quality improvement. -
Theory X and Y
Although it may sound like they are borderline the same, Theory X and Y are the polar opposites. Theory X management thinks that workers don’t like work and feel as if they must direct and punish their workers if something does not get done. Whereas Theory Y believes that workers enjoy working towards a goal. They put a lot of belief into their workers and think they deserve incentives and rewards for work. -
Theory Z
Managers who use Theory Z rely on their employee's loyalty and catering to the needs of the worker. It has been proven to increase the productivity and morale of workers