History 1807 Lecture Notes - Lecture 22: Frederick Winslow Taylor, Efficiency Movement, Stopwatch
3 Dec 2015
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Document Summary
The managerial revolution: the growing size and complexity of companies led to a revolution in the management of these firms; increasingly decentralized, firms came to be run by professional managers. Scientific management: part of larger efficiency movement, scientific management was an attempt to treat labour in a scientific manner in order to extract greater efficiencies and profits from the worker. Frederick winslow taylor (1856-1915): the key theorist of scientific management. Stopwatch studies : the cult of efficiency, deskilling of labour. The managerial revolution: represents a shift in power away from the person who owns the firm to the professional managers running the firm: adolf a. berle & gardiner means, the modern corporation and private. Explores the manner in which the separation of ownership and control of a firm has transformed notions of private property. Coins the term and suggests that a new managerial class is coming to dominate not just individual firms but society at large.
