...Class Summary: Session 3: Philosophy of Management Priyesh V P FPM/08/04 priyeshv08fpm@iimk.ac.in Instructor: Prof: Surya Prakash Pati Abstract This document summarizes the proceedings in Session 3 of Philosophy of Management conducted by doctoral scholars at Indian Institute of Management Kozhikode, under the guidance of Prof. Surya Prakash Pati Industrial Revolution The session started with the presentation of Mr.Vishnu Bargava Jhanga and Mrs Rinki Srivasthava on the subject of Industrial revolution. The session explained industrial revolution and its contribution to management thoughts. Industrial was indeed a path breaking event in the history of management thought. Salient characteristics of industrial revolution were clearly presented in the session. The industrial revolution in Britain can be traced back to the invention of metallic movable printing press, (1400-1468) by Johannes Gutenberg. The essence of the revolution was the substitution of machine power for human, animal, wind, water, and other natural sources of power. Britain marked the beginning of advancement in technology and applied sciences. Industrial societies were characterized by Low per capita income, economic stagnation, dependence on agriculture, specialized labour and wide spread geographical integration of markets differentiated the Industrialized nations from the Pre-Industrial nations before the revolution began. Great Britain’s largest industry of those times was textiles...
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...The Industrial Revolution – the Factory Worker vs. the Plantation Worker: A Discussion of the Labor Conditions The Industrial Revolution was a period of great change in Europe and North America – a period where progress in agriculture, technology, transportation and more allowed the development of human civilization from the previous primarily agricultural based societies. This time period between the 18th to 19th century saw many developments such as canals, roads, steam power, combustion engine, as well as significant strides in manufacturing and factory work. Immense changes occurred in society: affecting daily life and causing significant societal impacts. The objective of this paper is to discuss the significant social effects that the Industrial Revolution (and industrialization, in general) – focusing on the working conditions and dynamic of plantations and factories. In this time period, it is evident that the employer, business owner, and middle class factory owner would benefit from the lower class, general laborer who would be unfairly compensated and be subject to poor conditions, creating a significant gap between the upper/middle and lower classes. The period of the Industrial Revolution was not only a driving force in technology, but economics and society. Industrialization brought a new form of wealth and riches to the people who were able to capitalize on it; this largely being the middle class, and to a smaller extent, the upper class. New opportunities...
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...This assignment traces the history of Human Resource Management from the Industrial Revolution in the 18th century to present times. The assignment discusses key periods and movements in this field and expands on their contribution to modern Human Resource Management. Human Resource Management can be described as "The comprehensive set of managerial activities and tasks concerned with developing and maintaining a qualified workforce - human resources - in ways that contribute to organisational effectiveness." (DeNisi and Griffin) A HISTORICAL REVIEW. The Industrial Revolution. The momentum for the industrial revolution grew through the 17th century. Agricultural methods were continually improving, creating surpluses that were used for trade. In addition, technical advances were also occurring, for example the Spinning Jenny and the Steam Engine. These advances created a need for improved work methods, productivity and quality that led to the beginning of the Industrial Revolution. Adam Smith. In 1776, Adam Smith wrote about the economic advantages of the division of labour in his work The Wealth of Nations. Smith (1776) proposed that work could be made more efficient through specialisation and he suggested that work should be broken down into simple tasks. From this division he saw three advantages: - the development of skills - time saving - the possibility of using specialised tools. Smith's suggestions led to many changes in manufacturing...
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...the term Management Management “The word management comes from the Italian “maneggio/maneggiare” and the French word “manège”, the training ring in which horses run around encouraged by a long whip held by the horse trainer.”(Nordström and Ridderstråle, 2000) Defining management is not easy; however we can say it is generally a process by which the organisational goals are achieved by the actions of managers using human and financial means. Management has been around for thousands of years and each major civilisation has employed a form to suit their needs, from the Egyptians when constructing the great Pyramids, to the Greek and Roman Empires in order to manage their armies and conquests indeed the Catholic Church has used a hierarchical managerial structure since the second century AD, this structure utilises levels of management; Priest, Bishop, Arch-Bishop, Cardinal and Pope (Tiernan, Morley, Foley 2006,p12). Many other organisations have adopted this form including the Dublin Fire Brigade and from this we have fire-fighters, sub-officers, station officers, district officers, third officers, assistant chief fire officers and chief fire officer. Historically management was operated on a trial and error basis, prior to the industrial revolution the lack of efficient transport and communications restricted the expansion of most businesses and stifled the development of management within industry. “Management is tasks. Management is a discipline. But management is also people...
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...The Industrial Revolution The Industrial Revolution was a period of major industrialization that took place in the late 1700s and early 1800s. Before the beginning of chemical manufacturing and iron production that came with the Industrial Revolution, things were made by hand production methods. When things were produced by hand, the highest paycheck for the average American family was four dollars. The lowest paycheck was two dollars. After the Industrial Revolution mills were made, lives were changing all around America. The first major invention in the Industrial Revolution was the steam engine. The steam engine was invented by Thomas Newcomen, an English inventor from Dartmouth, United Kingdom. Newcomen’s engine was extremely different from our engines now. When you think of engine, you most likely think of cars, planes, boats, and other types of transportation. That is the difference between Newcomen’s engine and our modern engines. Newcomen’s engine was mostly used to pump water in mines. It was still used long after his death on August 5th, 1729 in London, United Kingdom....
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...Operations Management (POM): An Introduction 0 Overview • • • • • Introduction Historical Milestones in POM Factors Affecting POM Today Different Ways of Studying POM Wrap-Up: What World-Class Producers Do 1 Introduction • Production and operations management (POM) is the management of an organization’s production system. • A production system takes inputs and converts them into outputs. • The conversion process is the predominant activity of a production system. • The primary concern of an operations manager is the activities of the conversion process. 2 Organizational Model Finance Sales HRM POM Marketing QA Engineering MIS Accounting 3 Organization Chart-Major Elements Manufacturing Organization Operations Finance/Accounting Disbursements & Credits Funds Management Capital Requirements Marketing Sales Promotion Advertising Sales Market Research Facilities Production & Inventory ontrol Quality Assurance & Control Procurement Engineering Design Industrial Engineering Process Engineering Entry-Level Jobs in POM • Purchasing planner/buyer • Production (or operations) supervisor • Production (or operations) scheduler/controller • Production (or operations) analyst • Inventory analyst • Quality specialist 5 Historical Milestones in POM • • • • • • The Industrial Revolution Post-Civil War Period Scientific Management Human Relations and Behaviorism Operations Research The Service Revolution 6 The Industrial Revolution • The...
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...THE EVOLUTION OF MANAGEMENT THOUGHT Second Edition DANIEL A. WREN The University of Oklahoma JOHN WILEY AND SONS New York • Chichester • Brisbane • Toronto CONTENTS PART ONE EARLY MANAGEMENT THOUGHT A PROLOGUE TO THE PAST 3 A Cultural Framework: The Economic Facet. The Social Facet. The Political Facet. P eople, Management, and Organizations: The Human Being. Organizations and Management. MANAGEMENT BEFORE INDUSTRIALIZATION 15 Management in Early Civilizations: The Near East. The Far East. Egypt. The Hebrews. Greece. Rome. The Catholic Church. Feudalism and the Middle Ages. The Revival of Commerce. T he Cultural Rebirth: The Protestant Ethic. A Criticism of the Weberian Thesis. Modern Support for Weber. The Liberty Ethic. The Market Ethic. THE INDUSTRIAL REVOLUTION: PROBLEMS AND PERSPECTIVE The Industrial Revolution in England: The Age of Machines. Management: the Fourth Factor of Production. M anagement Problems in the Early Factory: The Search for Managerial Talent. The Labor Problem. The Shortage of Skilled Labor. Training. Discipline and Motivation. Management Functions in the Early 42 Xll CONTENTS Factory. Cultural Consequences of the Industrial Revolution: The Condition of the Worker. Child and Female Labor. MANAGEMENT PIONEERS IN THE FACTORY SYSTEM Robert Owen: The Search for a New Harmony: Early Managerial Experiences. The Call for Reform. Charles Babbage: The Irascible Genius: The First Computer....
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...The industrial revolution was one of the biggest innovations from the 18th to 19th centuries. The Industrial Revolution changed the way the world was looked at altogether; new things were possible, things that no one ever could’ve dreamed of. by creating new methods of production, manufacturing times were greatly lowered, meaning the product could be given to the public faster and in larger quantities. The Industrial Revolution was when the world finally began to move into the future, due to it, we have the world we live in today. The American economy was caught in transition in the event of the Civil War. What had been an almost purely agricultural economy in 1800 was in the first stages of an industrial revolution which would result in the...
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...[pic] MGMT 405 Operations and Production Management Answer set 1 (Reference chapters 1 – William J. Stevenson-2007, ninth edition) Discussion Questions 1. What do you understand by the term ‘Operations Management’? ANS: ✓ Operations Management is the management of that part of an organization that is responsible for producing goods and/or services. The management of systems or processes that create goods and/or provide services. i.e. Every book you read, every e-mail you send or every medical treatment you receive involves the operation function of one or more organizations 2. Identify the three major functional areas of business organizations and briefly describe how they interrelate. ANS: ✓ Finance- is responsible for securing financial resources at favourable prices as well as analysing investment proposal and providing funds for marketing and operations. ✓ Marketing is responsible for assessing consumer needs or wants and selling and promoting the organization’s goods and services. ✓ Operations is responsible for producing the goods or providing the services offered by the organization. 3. Describe the nature of operations function. ✓ ANS: The operations function consists of all activities that directly related to producing goods or providing services. It is the core of most business organizations because it is responsible for the creation of organization’s goods or services. Its essence is to add value during...
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...Summary: Lee D. Parker is a professor in the Schools of Management and Accounting at the University of St Andrews. His interests range from strategic management to corporate governance to accounting and organizational communication. In the areas of accounting and management he has had over 200 of his articles and books published.1 Richard K. Fleischman is an American accounting scholar and is known for his work on accounting history. Flieschman holds a BA in history, an MA in accounting and a PhD in history and holds a membership in the academy of Accounting Historians. He has a strong interest in the U.K. Industrial Revolution and the U.S. Progressive Era.2 This article starts out by discussing how entrepreneurs during the time of the British Industrial Revolution showed knowledge in economic areas, but managerial accounting did not seem to be given much attention. It does not make much sense because economic advances were happening in major organizations during the Industrial Revolution. Some believe that profit margins were large enough that managers were not worried about savings or advantages of managerial accounting. On the other hand, competition was greater in areas of iron and textile....
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...Human resource management consists of all the activities undertaken by an enterprise to ensure the effective utilization of employees toward the attainment of individual, group, and organizational goals. It consists of practices that help the organization to deal effectively with its people during the various phases of the employment cycle, including pre-hire, staffing, and post-hire. Human resource has a historical background since ancient times. Traditional HR it separate functions such as staffing, training and development, compensation, safety and health, and labor relations were created and placed under the direction of human resource manager or executive. Large firms might have had a manager and staff for each HR function that reported to the HR executive. The HR president worked closely with top management in formulating corporate policy. Today, HR tasks are often performed differently than they were even decade ago. “As more and more companies use alternative means to accomplish HR tasks, the role of traditional HR manager has changed. HR is now involved more in strategic HR, focusing more on the bottom line of organization and leaving the more administrative tasks to technology or others”, Mondy, R., & Mondy, J. (2012). Human Resource Management, page 39. It has reached its peak in approach and structured practices. There has been a vast change in the implementation compared to system followed at earlier days. Although field of HRM is a comparatively recent...
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...University of Western Cape School of Business and Finance MAN620/ADM720 Project Management Lecture Session 1 : 26th January 2010 An introduction into project management with some history of project management and some contextual information. How project management has permeated almost all aspects of working life. The evolution of the project management context. Why and under what circumstances project management is used. What characterizes projects and differentiates them from other forms of management. Examples of projects – large medium and small. Chapter 1 - An Introduction to Project Management The Project Management Book of Knowledge (PMBoK) defines Projecy Management as “the application of knowledge, skills, tools and techniques to project activities to meet project requirements”. In the course outline we make the following statements with regard to what this course promises you engineering students. In the engineering environment, Project Management can be practiced either a stand-alone professional discipline or as an integral part of the delivery mechanism for engineering services. Either way, all engineers need a thorough understanding of Project Management theory, principles, practices, tools and techniques. This course has been structured to stimulate the interest of student engineers in the discipline of Project Management and to equip them with sufficient knowledge of the discipline to meaningfully participate in project work at an early stage. Many...
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...future of manufacturing Technological developments, over the years have driven dramatic increases in industrial productivity since the dawn of the Industrial Revolution. In the times since, however, these advancements were only incremental, in comparison to the ground-breaking innovations that have occurred in the IT Industry. Now, though, the rapid globalization over the past has led to establishment of many new competitors, competing for the resources necessary for success. Industry 4.0 refers to the fourth industrial revolution or the Techie Industrial Revolution It will have a higher impact and require less implementation of new equipment (40-50%)1. Industry 4.0 is enabled by disruptive technologies that are expected to change the manufacturing sector by 2025 through significant innovation2. The first industrial revolution involved saw the adoption of steam power. The second industrial revolution or Industry 2.0 was all about the rise of electricity and the 3rd revolution was the digital revolution when electronics broke the market. The transformation to the new age Industry entails the inclusion of sensors, machines, workpieces, and IT solutions along the value chains and beyond a single enterprise. This will enable the connected systems to interact for predicting failure and adapting to such circumstances. Consequently, manufacturing productivity increases, fosters industrial growth and in turn will change the face of competition in the factories of the future. Building...
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...Great advancements in technology have simply revolutionised our world. Nothing is the same as it was twenty years ago, where technology is concerned. With a simple click, you could perform a magnificent operation. These advancements are increasing rapidly and will surely leave an impact on our economy. The aim of this essay is to anticipate how technology will impact on our future economy with contrast to the events of the first and second industrial revolutions. Technological innovations are mainly divided into five categories. Firstly, there is information management. For example, smartphones will have better functions, data storage will become bigger and cheaper and monitoring of machines, processes and people will be easier and more widespread. These improvements will help farmers monitor the weather, doctors track our vital signs, engineers keep track of road and bridge safety and businesses better predict both what and how much to produce. Moreover, robotics might be the biggest visible change in our future world. Robots have been around for a while, but the next generation will be more agile, flexible, adaptable and probably able to learn and interact with humans. These characteristics will significantly expand their use in the workplace and everyday life. We will see increased use of these modern robots in factories, hospitals, stores and the home. One big spin-off of the robotic technology would be “autonomous” vehicles — that is, cars and trucks that can drive themselves...
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...AGRICULTURE AND TECHNOLOGY NAME; KIPTOO ABRAHAM KURGAT REG; HD211-4006/2011 COURSE; BPS UNIT; PRINCIPLES OF HRM YEAR; 1ST SEM 2 ASSIGN; HISTORY OF HRM LEC; MR MBITHI DATE ; 10TH JULY 2012 INTRODUCTION. This assignment traces the history of Human Resource Management from the Industrial Revolution in the 18th century to present times. The assignment discusses key periods and movements in this field and expands on their contribution to modern Human Resource Management. Human Resource Management can be described as "The comprehensive set of managerial activities and tasks concerned with developing and maintaining a qualified workforce - human resources - in ways that contribute to organisational effectiveness." (DeNisi and Griffin) A HISTORICAL REVIEW. The Industrial Revolution. The momentum for the industrial revolution grew through the 17th century. Agricultural methods were continually improving, creating surpluses that were used for trade. In addition, technical advances were also occurring, for example the Spinning Jenny and the Steam Engine. These advances created a need for improved work methods, productivity and quality that led to the beginning of the Industrial Revolution. Adam Smith. In 1776, Adam Smith wrote about the economic advantages of the division of labour in his work The Wealth of Nations. Smith (1776) proposed that work could be made more efficient through specialisation and he suggested that work should be broken down into simple...
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