Fundamentals of the Economic Concepts
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Advanced Business and Financial Management — CAIIB.
One-liners from this chapter
Free sample — 8 of 70 rapid-fire Q&A cards.
F. W. Taylor — Famously Called / Core Contribution / Year?
Famously Called: Father of Scientific Management; Core Contribution: Time & motion study, piece-rate, "One Best Way"; Year: 1911
Henri Fayol — Famously Called / Core Contribution / Year?
Famously Called: Father of Modern / Administrative Management; Core Contribution: 14 Principles, 5 Functions, POCCC; Year: 1916
Harold Koontz — Famously Called / Core Contribution / Year?
Famously Called: Father of Modern Operational Management theory; Core Contribution: Definition of management, "Management Theory Jungle"; Year: 1961
Elton Mayo — Famously Called / Core Contribution / Year?
Famously Called: Father of Human Relations Movement; Core Contribution: Hawthorne Studies (1924-32), social/psychological angle; Year: 1924-32
Peter Drucker — Famously Called / Core Contribution / Year?
Famously Called: Father of Modern Management (Practice); Core Contribution: MBO, Knowledge Worker, The Practice of Management; Year: 1954
Supervision?
the act of watching and directing work & workers.
Motivation?
inspiring, stimulating, encouraging subordinates (positive / negative / monetary / non-monetary incentives).
Leadership?
the manager guides and influences subordinates' work in the desired direction.
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