GMS 200 Chapter Notes - Chapter 2: Lillian Moller Gilbreth, Henri Fayol, Morale

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Ricardo Reyes

Document Summary

The activities associated with management are older than recorded history. Historical records indicate that ppl have been getting things done through others since at lest bible times. Prehistoric ppl also practiced management in order to secure the basic necessities of like (food, shelter, clothing) Old world europe middle ages, serfs served overlord on the land. New world americas african slaved, indigenous ppl, and indentured laborers from south asia worked plantations". In england, the factory system and manufacturing replaced agriculture. Innovations in mining iron ore ushered in the first industrial revolution (late 18th century) The industrial revolution generated major economic productivity and wealth creation. Workers were an indispensible resource to be utilized in wealth creation (foundation stone of capitalism) To be profitable, workers along with capital, plant, equipment and land must be managed. These resources create wealth when they are properly managed. Proper management: planning, leading, controlling and organizing.