MGMT 5 Lecture Notes - Lecture 1: Scenario Planning, Henri Fayol, Individualism

• School: UC-Irvine
• Department: Management
• Course: MGMT 5
• Professor: S A N D E E P K U M A R J H A

Document Summary

1800s in the us: 3 waves of change: textiles: major growth of factories; owners were managers, arms manufacturing: civil war-- interchangeable parts(efficiency, railroads: greatest need for organization; Org charts, formal job descriptions, merit promotions. Start of 1900s = era of modern management. Frederick taylor (the first to actually study work) Principles: determine the one best way, select the best person for the job, train the best person in the best way, pay a decent day"s wage for a decent day"s work. Later criticisms of scientific management included: lots of pressure on workers to perform, too much emphasis on rewarding management vs employees, too authoritarian, simplified view of motivation of employees. Find basic underlying principles and functions of management and on how authority structures work. This is the time of first separation of company ownership and management. Beginning of management education: what mgmt is, what mgrs actually do .