History 1807 Lecture Notes - Lecture 13: Frederick Winslow Taylor, Efficiency Movement, Scientific Management

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3 Feb 2016
Department
Paul Dimovski
History of Business- Nov. 30 th
The Managerial Revolution
Detach the corporation from the market
The growing size and complexity of companies led to a revolution in
the management of these %rms; increasingly decentralized, %rms came
to be run by professional managers
Scienti%c Management
oPart of larger e*ciency movement, scienti%c management was
an attempt to treat labour in a scienti%c manner in order to
extract greater e*ciencies and pro%t from the worker
oFredrick Winslow Taylor
1856-1915
The key theorist of scienti%c management
The Principles of Scienti%c Management 1911
Time-and-motion Studies
Stopwatch studies
The Cult of E*ciency
Deskilling of Labour
Represents a shift in power away from the person who owns the %rm to
the professional managers running the %rm
Adolf A. Berle & Gardiner Means, The Modern Corporation and Private
Property (1932)
oExplores the manner in which the separation of ownership and
control of a %rm has transformed
James Burnham, The Managerial Revolution (1941)
oCoins the term and suggests that a new managerial class is
coming to dominate not just individual %rms but society at large
Technology in the 1840s
Managerial derives managers
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