tailieunhanh - Lecture The evolution of management thought (6th edition) - Chapter 18: The social person era in retrospect

Two approaches to post-Hawthorne research: Micro researchers studied people in groups. Macro researchers viewed leadership as a group interactive-situational phenomenon, leading to organizational behavior and organization theory. | THE EVOLUTION OF MANAGEMENT THOUGHT, 6TH EDITION Electronic Resource by: Regina Greenwood and Julia Teahen The Social Person Era in Retrospect Chapter Eighteen The Social Person Era The Economic Environment The New Technologies The Social Environment The Political Environment The Economic Environment The 1920s were a period of prosperity, rising real wages, and low unemployment. The unemployment rate in 1929 was 3 percent. Although the stock market crashed in 1929, the impact on employment came more slowly and the peak was not reached in 1933. “Darby corrected” data was used to gauge how federal and state unemployment relief programs reduced the reported number of unemployed by about 5 percent. Stock Market Crash – 1929 President Hoover proposed work sharing rather than lay-offs, and this seemed to work for awhile. Employee stock ownership plans were double-edged swords; prosperity for the 1920s, but tragedy in the 1930s. Herbert Hoover signing the agricultural relief bill, June 15, 1929 Hebert Hoover Library: Attitudes toward women working outside the home changed as two wage earner families became more important Stock Market Crash Stock Market Crash Will Rogers’ made an observation that the automobiles bought during the prosperous 1920s were used to look for work in the 1930s. Keynesian economics ran counter to the Protestant ethic notion of thrift. The New Technologies Joseph Schumpeter’s (1883-1950) ideas about innovation and economic development are noteworthy. Economic development came from innovation. “Creative Destruction” He favored supply side economics, not the Keynesian approach. Joseph Schumpeter The New Technologies Transportation, communication, and entertainment progress was apparent in automobiles, aircraft, radio, television, etc. Developments in main frame computers, dry copying, polio vaccine, antibiotics, DNA, | THE EVOLUTION OF MANAGEMENT THOUGHT, 6TH EDITION Electronic Resource by: Regina Greenwood and Julia Teahen The Social Person Era in Retrospect Chapter Eighteen The Social Person Era The Economic Environment The New Technologies The Social Environment The Political Environment The Economic Environment The 1920s were a period of prosperity, rising real wages, and low unemployment. The unemployment rate in 1929 was 3 percent. Although the stock market crashed in 1929, the impact on employment came more slowly and the peak was not reached in 1933. “Darby corrected” data was used to gauge how federal and state unemployment relief programs reduced the reported number of unemployed by about 5 percent. Stock Market Crash – 1929 President Hoover proposed work sharing rather than lay-offs, and this seemed to work for awhile. Employee stock ownership plans were double-edged swords; prosperity for the 1920s, but tragedy in the 1930s. Herbert Hoover signing the .

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