GMS 200 Lecture Notes - Scientific Management, Industrial Revolution, Job Design

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

Document Summary

Global business is very competitive poorly managed firms are likely to fail. Managers neither promoting innovation, nor making the best use of existing technologies that support the production of high-quality goods at competitive prices. They are not recruiting and retaining the most talented workers; They are making the best use of the limited financial resources at their disposal. Perhaps these failures could be avoided if managers have a better grasp of past and present ideas on how best to manage people, money and technology. Management has been going on for a very long time as early as: 5000 bc: the pyramid reflects exceptional organizational and administrative skills. The organizational and administrative skills of the egyptians were impressive; So too were the recording keeping skills of the sumerian priests. Demand for professional managers= development of management as a science. The development of management theories was partly driven by the demand for well-trained, professional managers.