A MANAGERIAL AWAKENING

GROUP NAME:REFLECION

MD. MOSTAKIM SOBHAN RAIHANID NO:091406

Introduction……..

• Two prime examples of this new approach to management are found:

• Bolton and Watt’s Soho Foundry • Robert Owen’s New Lanark Mill.

• An improvement in manufacturing techniques and the development of a new approach to management

• The industrial revolution brought with it a breakdown in the provincialism of management concepts

Nabiha Binte ManjurID NO:104904

Organizing for Production: Domestic System

Md.Toufiqul IslamID NO:104856

Introduction of factory system helped to control by preventing and minimized theft.

Masfi RahmanID NO:104880

Nasrin NaharID NO:104996

Principle and Work

• In 1767 Steuart published ‘An Inquiry into the Principles of Political Economy’

• Steuart was one of the last representatives of the mercantilist school of economic though

• the work appears to have been well received its impact was overshadowed by Smith's Wealth of Nations that was published only nine years later

Faujia MollickID NO:104988

ADAM SMITHADAM SMITH

• He was a Scottish moral philosopher and a pioneer of political economy.

• Born: 5 June 1723 OS Kirkcaldy, Fife, Scotland

• Died:17 July 1790 (aged 67) Edinburgh, Scotland

• Nationality : British (Scottish)• Smith is cited as the "father of modern

economics"

WORK AND PRINCIPLE

• The Wealth of Nations, is considered his magnum opus and the first modern work of economics.

• He is often touted as the world's first free-market capitalist.

• A whole work can be broken into smaller parts and done by many workers

Khan Rashel RahmanID NO:105034

RICHARD ARKWRIGHTRICHARD ARKWRIGHT• He was a self-made man and a leading

entrepreneur during the early Industrial Revolution

• Born: December 23, 1732, Preston, United Kingdom

• Died: August 3, 1792, Cromford, United Kingdom

WORK AND PRINCIPLE

• He provided the managerial techniques for the successful coordination of men , money , materials and machines in a large scale production,

• He was the developer and practitioner of concepts in personnel management

• Strict discipline was not maintained• he is credited with inventing the

spinning frame, which, following the transition to water power was renamed the water frame

Daud Al ShamsID NO:105038

A TRANSITION PHASE

• By the latter part of the1700s the birth pangs of the industrial revolution had begun to subside.

• The application of scientific principles of management between the years 1785 and 1835.

SOHO FOUNDARY

• The first Soho Foundry opened in Birmingham, England on Jan 30, 1796 to manufacture steam engines. Partners were Mathew Boulton and James Watt.

• James Watt was given the distinction of being the man who invented the steam engine.

• In1800 their two sons changed the name .

Important Fact

Extensive use was made of detailed operating plans

The method employed in planning were scientific

The production processes were organized on the basis of machine and worker

Shadi MohammadID NO:104980

Born: Newtown, WalesIndustrialist , New Lanark , ScotlandThe father of modern personnel management•Owen’s philosophy was-“Man is the creature of circumstances”

Robert Owen

Owen believed that machines diminished humans, and they can, but New Lanark flourished because it produced an in-demand product competitively.

Abu bakker khokonID NO:091267

A pioneer in workers welfare programsHouse for workers with two roomsMinimum working age for children 10,working hour 10Schooling of workers childrenEvening recreation center established

NEW LANARK

New Lanark succeeded within the free market. It was “Socialism” WITHIN Capitalism. Simply because it’s set in nature, an agrarian commune isn’t some Garden of Eden, automatically. “Self-Sufficiency” is no panacea.

Md.Kamrul HasanID NO:091343

Inter changeable parts

The Beginning of American societyThe Beginning of American society

Development & application of American System

Development of cost accounting system

Father of the American system is Eli Whitney

Development of quality control procedure

Recognition of the principle of span management

Finally………………….

Without managerial awakening that means if management wasn’t awaked today’s world side by side organization could not run smoothly as it’s today.