Introduction to entrepreneurship africa perspective
The History of Management
1. Management in retail stores
Dont’e Wroten, Dhia Hayouni,
Lakita Dailey, Karesia Morton, Cordarious Toolie,
Dr. Jimmie, S, Warren – BA 314 – Fall 01
2. The History of Management
• Fredrick Winslow Taylor
• Born in Philadelphia in 1856-1915
• Went to college at Philips Academy
in Exeter, N.H., and was accepted
at Harvard
• His eyesight failed and he became
an industrial apprentice in the
depression of 1873
• At Exeter he was influenced by the
classification system.
• Invented by Melvil Dewey in 1872
• Also known as the Dewey Decimal
System
3. The History of Management
• In 1878 he became a machine shop laborer at
Midvale Steel Company in Philadelphia
• He introduced time-motion studies in 1881
• By 1883 he earned a degree by night study
from Stevens Institute of Technology in
Hoboken New Jersey
• He became general manager of
Manufacturing Investment Company, in
1890, and then a consulting engineer to
management.
• Taylor's ideas were widely misinterpreted
• Employers used time and motion studies
simply to extract more work from
employees at less pay
• Taylor's work will reveal that he placed the
worker's interest as high as the employer's in
his studies, and recognized the importance
of the suggestion box, for example, in a
machine shop.
4. The History of Management
• Frederick Winslow Taylor devised a system he
called scientific management.
• A form of industrial engineering that
established the organization of work as in Ford's
assembly line.
• Moved management theory from early time-
and-motion studies to the latest total quality
control ideas.
• In the 1920’s.
5. Walmart’s organizational structure
As we all know, as Business Administration majors, both, the organisational structure and
culture are one of the most important thing that a comany should work on to get bigger and
impact more,
For walmart, its organizational structure determines its business activities and also imposes
limits on how the business addresses its problems.
6. Walmart’s organizational structure
Hierarchy : pertains to the vertical lines of rules, and commends throughout the
organizational structure.
Function-based definition: involves groups of employees fulfilling certain
functions (Departement of Human resources, financial issues, marketing, etc.)
7. Walmart’s organizational culture
Walmart believes in four ideas that are also considered vaues for the company’s managers:
•Service to buyers
•Esteem for the people
•Search for excellence
•Action with honesty
8. The purpose of Wal-mart is to lower the price of living for everyone. The foremost products that Walmart carries are all-purpose
merchandise as well as food items. The corporate culture increases profit by making Wal-Mart stores the best retailer for a large
proportion of customers. The empire of Wal-Mart is build around four concepts of retail.
• The frugal culture of Wal-Mart developed by Walton also adds up to the success of the company. The organization has been criticized for relatively meager
wages and health care plans that it provides to its employees. Wal-Mart also demands that hourly employees put in overtime with no pay. Managers of
stores usually work for over 70 hours in a week (Naomi 2011). Managers are expected to limit on pennies whenever they can, even on stuff like cooling and
heating of the stores.
• Walmart includes the hourly workforce, the store management, and higher-level supervisors like district managers, as well as district vice presidents. It also
holds many manager positions. The management team decides how merchandise gets estimated, how the items are shipped off, and other items that needs
to be managed which causes the period of control to be constricted. Because of their fundamental strategy, Walmart’s culture has been shaped and has
driven its growth.
• Walmart is always sure to hire a diverse group of employees that establishes a wide variety of differences. Each employee bring many talents, viewpoints,
morals and experiences to the Walmart environment. The company doesn’t care about their diverse and other differences, they only care about the
customers and employees and their values. What’s most important is the Walmart culture of county achievement, entrepreneurial, and faith. Agreeing to
service to the customer belief of Wal-Mart, the customers are the boss.
9. Reference Page
• • Carter McNamara, mba, phd, authenticity
consulting, llc. (1995). Historical and Contemporary
Theories of Management. Retrieved 29 October, 2015,
from
http://managementhelp.org/management/theories.htm