ADMS 1000 Lecture Notes - Lecture 2: Mary Parker Follett, Peter Drucker, Humanistic Psychology
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One of the most important ideas to emerge from the management century" includes the applications of humanistic psychology to social institutions". This meant that everyone was respected and words such as foreman, boss and worker were replaced with manager and employee. Organizations were now to be looked at as social systems and the job of management was to ensure the stasis of the system. This idea will help us in the next management century as it has in the past, as it draws the attention to respect for the employee. The idea of mary parker follet comes into play, power with, rather than power over". This also consolidated the idea that workers will be more productive if they are respected. Another idea that emerged was the strategy of shareholder capitalism ascent over stakeholder capitalism". The purpose of this strategy was to create wealth for shareholders, an idea that wasn"t necessarily new.