5 Questions
According to Drucker, the purpose of business is:
to create and keep customers
Who is known as the father of scientific management?
F.W. Taylor
Who is known as the father of modern management?
Henri Fayol
Fredrick Taylor stressed on:
Division of labour
Fayol suggested that organizations can be subdivided into ________main groups of activity.
4
Study Notes
Management Theories
- The purpose of business, according to Dr. Drucker, is not explicitly stated in this text, but his work focuses on management by objectives, self-control, and employee autonomy.
Founders of Management Theories
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Frederick Winslow Taylor is known as the father of scientific management, emphasizing the use of scientific methods to improve industrial efficiency.
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Peter Drucker is known as the father of modern management, contributing to the development of management as a discipline.
Scientific Management
- Frederick Taylor stressed the importance of scientifically designing jobs and selecting, training, and developing workers to optimize productivity.
Administrative Management
- Henri Fayol suggested that organizations can be subdivided into six main groups of activity: technical, commercial, financial, security, accounting, and managerial.
Test your knowledge of management theories and key figures in the field with this quiz. From the father of scientific management to the purpose of business according to Drucker, this quiz covers essential concepts in management.
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