Management

Principles of
Management

Mason Carpenter, Talya Bauer, and Berrin Erdogan

Chapter 3 History, Globalization, and Value-Based Leadership
Learning Objectives

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 Learn about the history of principles of management
 Know the context for contemporary principles of management  Understand key global trends
 See how globalization is affecting management principles and practices  Appreciate the importance of value-based leadership (ethics) in management The P-O-L-C Framework must be adapted to meet global challenges

Early Management Principles

Henri Fayol
Frederick
Taylor

• Fayol’s 14 Principles

• Scientific Management
• Taylorism

Frank and
• Motion Studies
Lillian Gilbreth

Fayol’s
Principles of Management (1-7)
Specialization/Division of
L_________
Authority/Responsibility
D__________
Unity of Command
Unity of __________
Subordination of
Individual Interest
Remuneration

Principles of Management (8-14)
Centralization
Line of Authority
Order
Equity
Stability of Tenure
Initiative
Esprit de Corps

During Taylor’s time, coal was moved by shovel to rail cars or trucks.
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Limitations of Early Theorists
Manual
Labor Force

Dehumanized
Workers

Shift to
Knowledge
Workers

MANAGEMENT IDEAS OF THE 1990s

Peter Drucker

Tom Peters and Robert Waterman

Warren Bennis

In Search Of Excellence
Managing
Ambiguity and
Paradox

A Bias for Action

Close to the
Customer

Autonomy and
Entrepreneurship

Productivity through People

Hands-On, ValueDriven

Stick to the
Knitting

Simple Form,
Lean Staff

Simultaneous
Loose-Tight
Properties

Peter’s Management Recommendations

Empower people by involving ________ in decision-making
Eliminate bureaucratic rules and ____________ conditions
Celebrate and recognize employees for their contributions
Develop an inspiring __________

Lead by