What you’ll learn to do: summarize the development of management theory and the key functions of management today

Management theory got its start during the Industrial Revolution when companies were interested in maximizing the productivity and efficiency of their workers in a scientific way. In this section you’ll learn about the major contributors to the field of management theory and how their ideas are used today.

The specific things you’ll learn in this section include:

• Summarize the four principles of Frederick Taylor’s scientific management theory
• Summarize the contributions of Frank and Lillian Gilbreth to scientific management
• Summarize Henri Fayol’s contributions to the field of management theory
• Summarize the key functions of management today