GMGT 1010 Lecture Notes - Lecture 19: Management System, Reverse Engineering, Employee Engagement

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Farhan Islam

Document Summary

Management is undoubtedly one of humankind"s most important inventions. For more than a hundred years, advances in management the structures, processes, and techniques used to compound human effort have helped to power economic progress. Problem is, most of the fundamental breakthroughs in management occurred decades ago. Work flow design, annual budgeting, return-on-investment analysis, project management, divisionalization, brand management these and a host of other indispensable tools have been around since the early. In fact, the foundations of modern management were laid by people like daniel. Mccallum, frederick taylor, and henry ford, all of whom were born before the end of the. The evolution of management has traced a classic s-curve. After a fast start in the early twentieth century, the pace of innovation gradually decelerated and in recent years has slowed to a crawl. Management, like the combustion engine, is a mature technology that must now be reinvented for a new age.