week 2 history - Principlesof Management Week2Management...

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1 Principles of  Management  Week 2 – Management:  Yesterday & Today
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2 Exhibit 2.1 Development of Major  Management Theories
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3 Historical Background Of  Management Two major events “Wealth of Nations” by   Adam Smith division of labor  - breakdown of jobs into narrow  and repetitive tasks increased productivity Hierarchical control and management  –  managers think and workers work Industrial Revolution   substitution of machine power for human power large organizations required formal management
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4 Scientific Management F.W. Taylor  - Principles of Scientific  Management Develop a science for each element of an individual’s work,  which will replace the old rule-of-thumb method. Scientifically select and then train, teach, and develop the  worker.  Heartily cooperate with the workers so as to     ensure that all work is done effectively and efficiently. Divide work and responsibility almost equally between  management and workers. 
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5 General Administrative  Theorists Henri Fayol concerned with making the overall  organization more effective developed theories of what constituted  good management practice
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This note was uploaded on 11/07/2010 for the course BUSINESS busi1007 taught by Professor Prof during the Spring '10 term at HKU.

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week 2 history - Principlesof Management Week2Management...

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