Scientific Management Principles – Hundred Years Track Record of Performance
Posted by admin in Major Management Concepts on 25. Jun, 2010 | 0 Comments
Scientific management is the first coherent theory of administration put forward by Frederick Winslow Taylor. In 1911, he published his work, ‘The Principles of Scientific Management’. It is a theory of management that analyzes and synthesizes workflows, with the objective of improving worker productivity. Almost one hundred years after its publication, this theory continues to [...]
Accuracy and Precision
Posted by admin in Major Management Concepts on 29. Mar, 2010 | 0 Comments
“Accuracy” and “precision” are related but not identical concepts, and the difference between the two is important to estimation. Accuracy of a measurement system is the degree of closeness of measurements of a quantity to its actual (true) value. The precision of a measurement system, also called reproducibility or repeatability, is the degree to which [...]
Surprising first products of 14 famous companies
Posted by admin in Major Management Concepts on 22. Aug, 2009 | 0 Comments
Some companies find their niche and stick to it. Others, though, have to adapt to changing markets in order to thrive. Here’s a look at some companies that switched industries at some point in their histories, usually for the better. 1. Avon David H. McConnell started Avon in 1886 without really meaning to. McConnell sold [...]
Understand The Motivational Theories In Management
Posted by admin in Major Management Concepts on 14. Aug, 2009 | 0 Comments
Motivational theories explain the ways to activate and direct the human behavior. They are concerned with the processes that describe the motivational aspects of individuals, which will help in fulfilling those desires in order to get the effective results. There are mainly two categories of motivational theories namely content theories, and process theories. Even though [...]
