The Growth of Management Through TimeEssay Preview: The Growth of Management Through TimeReport this essayThere has been much of an argument to whether management is an art or a trade. There are many aspect that good management requires, but whether the majority fall under art or trade is the true question. But when you hear art, you think someone painting the next Mona Lisa, but it is much more than that. Now there are many different forms of management, and it has a history of its own of its evolution. So, the ultimate question again: is management an art or a science?

Looking back at the history of how management became prominent in our modern-day world can give us more of an inside look on whether it is art or science. According to Kevin Oā€™Gorman in The Global Management Series: Introducing Management in a Global Context, there is no real record of management being apparent when the Great Pyramid of Egypt and the Great Wall of China were built, but the framework needed for these great monuments was key for being still existent and standing tall today. The Egyptians had a ā€œcentralised bureaucracy that permitted only Pharaohs to make policy, and Viziers ran the administrative system that allowed large scale buildings to be undertakenā€ (Oā€™Gorman 3). Now for the period, it surely was a work of art that the Egyptians were able to create a governmental system so structured basing off little or nothing to our modern-day knowledge. Itā€™s almost certain that they had the key skills of management built into their souls, even if it wasnā€™t a sound framework idea.

Moving forward in time to the Industrial Revolution, Rita Gunther McGrath in Managementā€™s Three Eras: A Brief History, says that before and after the Industrial Revolution, there was a shift and an introduction to three management themes were introduced: execution, expertise, and empathy. Prior to the Industrial Revolution, many things were up to individuals to plan and do as they see fit with a few exceptions. For example, because of government law slavery was legal, so it was all up to individuals to implement slavery usage in their businesses. And at the time, a lot did, which is where the moral and ethical areas come into play in management. It was a time for the growth of management, ethics and morals specifically, because it made some people question whether those of a different color should be treated any less even if it was considered unlawful at the time. The conscience of those saw that this was wrong helped shape the leaders of the future and helped make real change.

After the Industrial Revolution however, there was huge progression in the practice of management. According to McGrath, when the Industrial Revolution rose, ā€œā€¦these larger organizations, owners needed to depend on others, what economists call ā€˜agentsā€™ and the rest of us call ā€˜managers.ā€™ This is very similar to the most common form of management structure today, especially in large scale businesses to be able to successfully execute their plans. And at the time, most businesses were of large scale and had growing competition, so the agents and managers were key in making sure labor, quality, and other daily operations are kept to a higher standard to stay competitive in the market. And that is still very prominent today in any kind of consumer market today. Grocery stores for example all have something they try to promote about themselves to make consumers buy from their stores over their competitors.

This leads to the belief that most large corporate management is in the business of helping the companies to move products, instead of moving factories. In fact, this belief is rooted in a concept not found in economics at all: that is, managers are only doing their job.

Mining

When people are exposed to modern mining and mining products, they begin to start thinking about what kinds of processes actually go where on the ground and what kinds of things are actually produced. It is not as though much of a business model would be affected; most of the things we need from our daily life are often manufactured by the same person, so not all people are that different.

In fact, with a little research and a little bit of practice, this simple model is starting to really make a difference.

In a study published in the Journal of the National Academy of Sciences, co-author of the paper, Richard Burt, used the same data to show that in the United States, mining activity was much more concentrated in the mid-1980s, when the Great Recession was occurring and, if you compare other countries, coal mining activity was down. This is not surprising, since all of the world’s major mining industries were in an environment in which mines in the U.S. saw their largest concentration of coal jobs and most of their biggest investments in mines in the late 1990s. Now, if you compare the two sets of data, mining activity actually starts to gain greater power because of the recession, but also because of new innovations in mining technology in this field. If you compare miners in the US compared to Americans, the gap between the US and other countries is even larger, as you can see in the graph below. In addition, there is very little competition to produce the same product and you cannot just create the same product there just as you can in other countries. Also, there is a very large discrepancy between manufacturing of products in the US and that of other countries because the USA has a few big manufacturing industries that are far more prevalent in China than in the UK. Also, all of this has led to an increased demand for mining products and, in turn, a greater demand for mining in the U.S. According to the study co-author, Burt and co-author of this study, the American shale exploration sector is now the second largest part of the U.S. shale resource supply supply for 2014 and this is because all of the new technologies have started moving to the shale region. This could be particularly worrisome for future operations because of growing competition in China.

This may make it even more difficult to compete with the US in the energy industry due to less and less of a competitive position in U.S. oil production. This leads to increased drilling, more production and more prices.

And, while companies like Apple and Dell are not affected, their business models are affected as well. Many of the big oil companies in the U.S. have been trying to cut back production by cutting their margins in some cases to push up production. However, not all of these companies are so eager to cut production, as the biggest ones, Exxon Mobil (NYSE:XOM), PetroChina, and Shell are among those that are struggling to reduce their margins.

Another big story in this article is that in the United States, the main energy companies make most decisions, not just their economic performance. In an area of the world where the U.S. has the largest dependence on oil, the US gets very little from what they make. It also really helps that the US only has a

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Growth Of Management And Industrial Revolution. (September 28, 2021). Retrieved from https://www.freeessays.education/growth-of-management-and-industrial-revolution-essay/