MGMT 1030 Lecture Notes - Lecture 10: Scientific Management, Chain Store

• School: York University
• Department: Management
• Course: MGMT 1030
• Professor: Olga Kraminer

Document Summary

Study questions for david monod"s bay days: the managerial revolution and the hudson"s bay company department stores . The large measure for the hbc"s lack of success is stemmed from is excessive attachments to new theories and innovations: scientific management. (movement away from its roots. ) 2)describe the decentralized structure of hbc"s operation initiated in 1911. The canadian advisory committee was appointed to supervise implementation of new strategy. Not made up of specialists, just successful business men of other industries. Hitherto, decentralized system of london based decision-making. Opened stores in the most unlikely places: vernon, nelson etc believed rural clientele was major market. Herbert burbridge left the companies to run as their own device, decentralized buying caused disorganized pricing. Customer credit was handed out freely, with no institution regulating its extension or collection. Ran the department stores as like country general stores.