Mgt 300 Study Guide - Exam 2

2705 Words Feb 27th, 2012 11 Pages
Chapter 2: The classical approaches (scientific management, administrative principles, and bureaucratic organization) share a common assumption: people at work act in a rational manner that is primarily driven by economic concerns. Scientific Management: in 1911, Fredrick W. Taylor published The Principles of Scientific Management, in which he made the following statement: “The principle object of management should be to secure maximum prosperity for the employer, coupled with the maximum prosperity for the employee. He noticed that many workers did their jobs their own ways and without clear and uniform specifications. He believed this caused them to lose efficiency and underperform. He believed the problem would be fixed by scientific …show more content…
Current trends in mgmt include many innovations that seek the same goals as Weber but use different approaches to how organizations can be structured.
No-compete clauses (employee agrees not to pursue a similar profession or trade in competition against employer) and non-disclosure agreements (outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to by third parties) are increasingly common in employments contracts. Management science and operations research use quantitative analysis and applied mathematics to solve problems and operations management uses it to systematically examine how organizations can produce goods and services most efficiently and effectively. A typical approach: problem is encountered, systematically analyzed, appropriate mathematical models and computations are applied, and an optimum solution is identified. Characteristics of Quantitative Analysis: 1.mathematical forecasting helps make future projections for reserve sizes and depletion rates that are useful in the planning process 2. Network models, such as a gantt chart, break large tasks into smaller components allowing project managers to better analyze, plan, and control timetables for competition of many different activities 3. Inventory analysis helps control inventories by mathematically determining how much to automatically order and when 4. Queuing theory

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