1. The industrial revolution began in 18 century and transformed the job of manager from owner-manager to professional and salaried manager.
2. Prior to industrialization, the United States was predominantly an agricultural society.
3. The production of manufactured was still in the handcraft stage and consisted of household manufacturing, small shop and local mills.
4. The inventions, machines and processes of industrial revolution transformed business and management.
5. With the industrial innovations in factory- produced goods, transportation, and distribution, big business came into being.
6. New ideas and techniques were required for managing these large-scale corporate enterprises.
7. Today, business and management continued to be transformed by high technology.
8. In order to keep pace with the increased speed and complexity of the business, new means of calculating, sorting and processing information were invented.
9. An interesting description of modern era is the information age that describes the general use of technology to transmit information.
10. Managers realized that they could profit from immediate knowledge of relevant information.
11. Organizations are two or more people working together in a structured, formal environment to achieve common goals.
12. Managers provide guidance, implementation, and coordination so those organization goals can be reached.
13. The modern manager coaches employees of the organization to develop teamwork, which effectively fulfills their needs and achieves organization objectives.
14. The traditional autocratic organization with its hierarchical system of management and overbearing boss that forces performance out of people is no longer needed.
15. The modern manager provides an atmosphere of empowerment by letting workers make decisions and inspiring people to boost productivity.