GMS 200 Lecture Notes - Lecture 5: Scientific Management, Industrial Revolution, Serval

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

How far back does management go: 3000 bc. Evolution of modern management (1900-present: the organizational and advmintrative skills of he early egyptians were impressive, so too were the record keeping skills of the sumerianian (finish!!!) The 3 branches of the classical approach to management are: scientific management, administrative principles, and bureaucratic organization. People will rationally consider available opportunities and do whatever is necessary to achieve the greatest personal economic gain. A key driver behind the development of management as a science: the development of management theories was partly driven by the demand for well-trained, professional managers. Europe industrial revolution (1700-1900: large factories were built to facilitate the mass production of foods, managers were needed to assign workers to specific production tasks. Usa railroads (1860-1880s: emergence of large u. s corporations in rail transportation, these companies were funded by many shareholders ( absent owners , managers were needed to run these companies on a daily basis.