Five Functions of management
Analyzing information and making decisions about what needs to be done.
What is Planning?
People who complete all four management functions on a regular basis and have authority over other jobs and people.
What are Managers?
The era of the eighteenth and nineteenth centuries in which machine power replaced human and animal power in the production process, leading to major business and social changes.
What is Industrial Revolution?
Which management theory is directed at organizational improvement through understanding employee motivation and behavior?
Behavioral Management
A carefully developed overall approach to leading an organization.
What is Management strategy?
Requires working with employees to ensure they are motivated and have the resources needed to help carry out plans and get the work done.
What is Leading?
Top-level managers who spend almost all of their time on management functions and decisions that affect the entire company.
What are Executives?
In 1913, Ford introduced the ____________ to reduce time and lower price when building the Model T.
Assembly Line
Which Management Theory studies the way
work is organized and the procedures
used to complete a job in order to
increase worker productivity?
Classical management
The rivalry among companies for customers.
What is Business competition?
Focuses on finding individuals with the right skills to do the work.
What is Staffing?
Complete all of the management functions, but spend most of their time completing specialized work in one management function or are responsible for a specific part of the company’s operations.
What are Middle managers?
What 2 changes did ford make to reduce turnover in the workplace?
- Shorter Work day (9 hours to 8 hours)
- Higher pay ($5 a day. Which was twice the pay of most factories.)
Which Management Theory is a total commitment by everyone in an organization to improve the quality of procedures and products by reducing waste, errors, and defects.
Quality Management.
What age group will remain the largest component of the work force in both 2010 and 2050?
Ages 25-54
Involves evaluating results to determine if the company’s objectives have been accomplished as planned.
What is Controlling?
Managers whose main job is to direct the work of employees.
What are Supervisors?
What was the change in TIME AND PRICE when Ford introduced the Assembly Line for the model T?
Time: 12.5 to 1.5 hours
Price: $850 to $300
What management identifies the most effective practices for organizing and managing a business?
Administrative Management
Between what years were baby boomers born?
1946-1964
This is concerned with determining how plans can be accomplished most effectively and arranging resources to complete work.
What is Organizing?
The Levels of Management in an organization can be described as the...
Management Pyramid
How did the Industrial Revolution change the way work was done?
-Machine power replaced human and animal power.
- Businesses could hire several employees to operate the new machines.
- The result was greater production and a larger number of products for sale.
The careful, objective study of management decisions and procedures in order to improve the operation of businesses and organizations.
What is Management science?
What are the 4 major factors a company considers when determining its management strategy?
- The business
- The work
-The business environment
- The management