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Factory

Unit 5 - Operations management

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Chart Increasing

Unit 1 - Introduction To Business Management

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Briefcase

Unit 2 - Human Resource Management

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Money Bag

Unit 3 - Finance & accounts

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Direct Hit

Unit 4 - Marketing

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Bar-Chart

Unit 6 - Assessment

<ul>
	<li>
	🖥️ Cloud Computing: Storing and accessing data and programs over the internet.

	<ul>
		<li>
		Real-world example: Dropbox, allowing businesses to store and share files online.
		</li>
	</ul>
	</li>
	<li>
	🧠 Artificial Neural Networks (ANN): Computing systems inspired by the human brain.
	</li>
	<li>
	🤖 Artificial Intelligence (AI): Machines mimicking human intelligence.

	<ul>
		<li>
		Real-world example: Siri on iPhones understanding and responding to voice commands.
		</li>
	</ul>
	</li>
</ul>

<ul>
	<li>
	🔍 Data Mining &amp; Analytics: Helps in informed decision-making.

	<ul>
		<li>
		Real-world example: Netflix using data analytics to suggest shows based on viewing history.
		</li>
	</ul>
	</li>
	<li>
	🛍️ Customer Loyalty Programmes: Using data to reward frequent customers.

	<ul>
		<li>
		Real-world example: Starbucks Rewards offering free drinks after a certain number of purchases.
		</li>
	</ul>
	</li>
	<li>
	👀 Monitor Employees: Keep a track of employee&#39;s activities and productivity.
	</li>
</ul>

<ul>
	<li>
	💻 Cybercrime &amp; Cybersecurity Breaches: Threats and attacks on online data. Real-world example: Yahoo&#39;s 2013 data breach affecting 3 billion accounts.
	</li>
	<li>
	🤫 Ethical Issues: Concerns related to privacy, confidentiality, and anonymity. Real-world example: Facebook-Cambridge Analytica data scandal.
	</li>
</ul>

<ul>
	<li>
	Growth Phase: Big data and IoT (Internet of Things). Gadgets are interconnected via the internet.

	<ul>
		<li>
		Real-world example: Smart homes where lights, thermostats, and appliances are controlled through smartphones.
		</li>
	</ul>
	</li>
	<li>
	Developmental Phase: VR (Virtual Reality) for commercial purposes.

	<ul>
		<li>Real-world example: Virtual property tours in real estate.</li>
	</ul>
	</li>
</ul>

<ul>
	<li>Originated from Frederick Taylor&rsquo;s management theory in the 20th century.</li>
	<li>Taylor observed inefficiencies and a disconnect between workers and management in a steel-making corporation.</li>
	<li>Taylorism
	<ul>
		<li>Break tasks into components: inputs, outputs, processes, procedures.</li>
		<li>Example of Taylorism: The assembly line in factories.</li>
	</ul>
	</li>
	<li>Modern-Day Digital Taylorism
	<ul>
		<li>Enhanced by tech for data-driven innovations and surveillance.</li>
		<li>Beyond factory: Real-time monitoring, analytics, and performance appraisals.</li>
		<li>Example: Amazon&#39;s continuous streams of data for employee appraisal.</li>
		<li>Covert surveillance: Apps recording audio, video, logging keystrokes without user&#39;s knowledge.</li>
	</ul>
	</li>
</ul>

Gig Economy

<ul>
	<li>Gig economy refers to a labor market where short-term contracts or freelance work are more prevalent than permanent jobs.</li>
	<li>Real-world example: Uber drivers or freelance writers on platforms like Upwork.</li>
</ul>

&nbsp;Meaning of &quot;Taylorism Beyond Factory Floor&quot;

<ul>
	<li>In the context of big data, the principles of Taylorism&mdash;efficiency, monitoring, breaking down tasks&mdash;now apply not just to factories but also to sectors like tech, service, and even freelance work.</li>
</ul>

&nbsp;Information Systems in HR Management

<ul>
	<li>Information systems can be used for recruitment (finding the right talent using AI algorithms), performance appraisals (continuous data streams for feedback), and employee management (monitoring work hours, leaves, etc.).</li>
</ul>

Ethics of Digital Taylorism

<ul>
	<li>Positives: Increased efficiency, more data-driven decisions, enhanced monitoring.</li>
	<li>Negatives: Dehumanizing work, invasion of privacy, risk of over-reliance on data without human touch.</li>
	<li>Real-world debate: Controversies around Amazon&rsquo;s intensive employee tracking systems.</li>
</ul>

Happy studying! Remember, while technology advances, it&#39;s important for businesses to maintain the human touch! 😉

Unit 5 - Operations management

Digital Taylorism: Is Tech Boosting Efficiency or Killing Humanity?

Table of content

Modern Tech Innovations in Organizations

Benefits of These Innovations

Risks Involved

Unlock the Full Content!

Unit 5 - Operations management

Digital Taylorism: Is Tech Boosting Efficiency or Killing Humanity?

Table of content

Modern Tech Innovations in Organizations

Benefits of These Innovations

Risks Involved

Unlock the Full Content!