Tuesday, March 26, 2013

American History

o What was Scientific Management and why was it important? why didnt it work?
Also known as Talyorism
A theory of management that synthesized workflows
Its objective was to improve economic efficiency, oddly labor productivity
Applying science to engineering process and management
Standardization of the employment process steps
Decisions based on tradition should be replaced by precise producers developed after studying the individual
Idea to gain productivity and reduce effort
Contingent on high level of managerial control over employee work practices
Needed a higher ratio of managerial workers than laborers
Caused interpersonal friction mingled with management and workers
Caused social tension between blue throttler and white collar classes
Implementation was their downfall
Workers were not liking the purlieu and were going on strike
Lead to strengthening of labor unions
noesis was transferred to cheaper workers
Jobs started disappearing
No longer needed craft workers or whatever kind of skill set

o What are the provisions of the Sherman Anti-Trust form (Part I and II)?

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Prohibits certain business activities that reduce competition in the marketplace
Require the Federal Govt to investigate and pursue trusts, companies, and organizations suspect of being in violation
Limits cartels and monopolies
Section 1- delineates and prohibits specific means of anticompetitive conduct.
? all(prenominal) contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the some(prenominal) States, or with foreign nations, is declared to be illegal.
Section 2- deals with final stage results that are anticompetitive in nature
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