Final answer:
The statement is False. The Industrial Revolution marked the birth of modern management practices, but it did not mark the birth of management itself. Management can be traced back to ancient civilizations, such as the Egyptians and the Greeks, who used various management techniques to organize labor and resources.
Step-by-step explanation:
The statement is False. The Industrial Revolution marked the birth of modern management practices, but it did not mark the birth of management itself. Management can be traced back to ancient civilizations, such as the Egyptians and the Greeks, who used various management techniques to organize labor and resources.
During the Industrial Revolution, the use of power-driven machinery and the establishment of factories created a need for new management practices. Factory owners and managers had to coordinate production, supervise workers, and ensure efficiency. This led to the development of management theories and principles, such as scientific management by Frederick Taylor and administrative management by Henri Fayol.
Overall, management existed before the Industrial Revolution, but it evolved and became more formalized during this period.