Module 4: Management Flashcards
(103 cards)
What is management? 🧵
The process of coordinating work activities so that they get done efficiently and effectively with and through other people.
Who is Frederick Taylor and what did he do? 🧵
in 1909 published The Principals of Scientific Management which focused on optimizing the way work is done: The one “best” way to complete a task
What are the 4 Principals of Scientific Management? 🧵
🧵Overall Concept: Finding the right people, to do the right job, in the right way. 🧵
1. Study work process to decide which is the best way to perform tasks.
2. Assign jobs based on workers abilities and motivation.
- Managers use their time to plan, organize, and train workers to do tasks more efficiently.
- Managers monitor workers and provide training, instruction, and supervision
Classic Schools of Management
Focus on Total Organization: standardized processes, bureaucracy, and hierarchy.
Who was Max Weber and what are the 4 characteristics of his method ?
Introduced the idea of bureaucracy as defined by 4 characteristics:
1. A well-defined chain of command with trained managers
2. Division of labor based on skills.
3. Promotions based on competence.
4. Complete records and written rules, procedures, and regulations
***Bureaucracy manages workers based on knowledge, experience, and expertise
Who is Henry Fayol and what are the 14 Principals of Management?
(1-7)
The Father of Modern Management Theory because he proposed general management principals that can be used in all fields.
1. Division of Work: Dividing jobs into tasks and assigning works to perform
2. Authority and Responsibility: Authority comes with certain responsibilities
3. Discipline: Employees must respect and obey their superiors
4. Unity of Command: Every employee must receive instructions from only one manager
5. Unity of Direction: If there is a project there must be a single person in charge and a single plan
6. Subordination: Individual interests are secondary to the general interest
7. Remuneration: Wages must please both employee and organization
14 Principals of Management?
(8-14)
- Centralization: The dispersion of authority given to managers throughout the organization
- Scalar Chain: Rank of authority that specifies the route through which info is communicated.
- Order: All employees and processes have an appointed place
- Equity: Managers must treat employees with equity(fairly and impartially) using kindness and justice.
- Stability of Tenure & Personnel: Managers reducing employee turnover.
- Initiative: Managers must take initiative
- Esprit de Corps: Emphasis on teamwork using effective communication
What did Mary Parker Follett bring to the table?
Integrate the individual efforts of employees into a synergistic whole using two-way communication and adapting to situations verses using “one-best way” to complete a task.
What is the difference between Scientific Management Theories and Classic Management Theories? 🧵
Scientific Management Theories focus on productivity of the individual while Classic Management Theories focus on the focus on total organization- how it should be structured and controlled.
The Behavior/Human Relations School of Management
4.1.1.3
What is the Hawthorne Effect
Scientists who were studying how changes in environment found that the employees were actually more productive BECAUSE they were being studied and watched.
What was Chester Barnards thoughts? 🧵
Developed the idea of “Informal Organization” which stressed effective communication and improved coordination among employees were essential.
What about Frederick Herzberg’s Two-Factor Theory?🧵
Came up with two-factor theory or the motivator-hygiene theory.
Motivation Factor:
*Job factors result in job satisfaction and cause them to want to do a job (motivator)
Hygiene Factor:
*Job factors that prevent dissatisfaction like good working conditions or environment(hygiene).
🧵While negative hygiene factors cause job dissatisfaction, positive hygiene factors do satisfy basic employee needs, but provide no effect on motivation. (Think Guardian)
THE MODERN SCHOOL OF MANAGEMENT
4.1.1.4- Focus on Knowledge work, Management by Objectives and EQ
Who is Peter Drucker and what 4 things did his ideas emphasize? 🧵
Father of Modern Management🧵
1. Decentralization
2. Knowledge Work (creating value thru information)
3. Management by Objectives
4. SMART: A goal achievement process
What are the 5 Basic things that Peter Drucker said managers should do to be leaders?
- Set Objectives
- Organize
- Motivate and Communicate
- Measure
- Develop People
Tom Peter’s book “In Search of Excellence”
9 things page 244
What are the 5 Stages of the Business Life Cycle? 🧵
- Launch
- Growth- Challenges
- Shake-Out : Growth slower due to market saturation
- Maturity : Growth decrease and competition increase
- Decline or Renewal : Sales decline and exit market while others reinvent themselves
What is Contemporary Management? 🧵
Blends all schools to respond to unique forces of today’s workplace. Focuses on bringing out the best in diverse and mobile workforce. Managing constant change due to technology.
What is Business Disruption? 🧵
Organizations are being forced to evolve in order to remain relevant.
What are 8 forces that are greatly effecting todays job organizational design and dynamics?
- Info is power and everyone is connected
- The speed of technological development is increasing
- Change is rapid and constant
- Technology, competition, and social and economic systems are global
- The workforce is fluid and diverse (virtual and contingent (contracted) workers growing)
- Organizations have switched from hierarchies to teams
- Customers expect : Customization, convenience, and speed
- Organizational structures and processes are constantly evolving
Old-Style versus New-style Organizations 🧵
page 249
What is a “super job?”
When an employee combines their traditional role with technology
What is a “Unicorn?” 🧵
A start-up company that reaches a billion dollar valuation within a few years of opening their doors.