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Management of a business, industry, or economy, according to principles of efficiency derived from experiments in methods of work and production, especially from time-and-motion studies
2. Risk comes from not knowing what you
are doing…..WARREN BUFFET
3. Frederick Winslow Taylor (March 20, 1856 –
March 21, 1915) was an American mechanical
engineer who sought to improve industrial
efficiency .He was one of the first management
consultants . Taylor was one of the intellectual
leaders of the Efficiency Movement and his ideas,
broadly conceived, were highly influential in
between (1890s-1920s). Taylor summed up his
efficiency techniques in his 1911 book The
Principles of Scientific Management.
4. Management of a business, industry or economy according to the
principles of efficiency derived from experiments in the methods of
work and production.
MAIN OBJECTIVE:
Improving economic efficiency , especially concentrated on labor
productivity.
It was one of the earliest methods to apply science to the engineering of
process and to management.
5. Under Scientific management the initiative
of the workmen( that is their hard work ,
their good will , their ingenuity) is obtained
with absolute uniformity and in addition to
the improvement on the part of the men,
the managers has new burdens new duties
and responsibilities never dreamed of in
the past.
6. ‘Rule of Thumb’ means the application of traditional methods or the methods
decided by the manager based on his past experience. All these methods are often
untested and unscientific; they do not guarantee a specific result or outcome. In an
organization, the rule of thumb can be seen as ‘the dictatorship of the manager’
which should be avoided.
In this principle, Taylor states that there must be thinking before doing i.e. ‘Trail and
Error Method’ or ‘Hit and Miss Method’ should be avoided, instead scientific and
researched methods should be adopted for performing any activity. Taylor insists on
the use of scientific techniques, which are based on cause and effect relationship so
that the objectives can be achieved in a better way with the available resources, skills
and budget. Thus, the emphasis is on scientific decision making based on cause and
effect and the scientific measurements of the methods.
7. First. They develop a science for each element of a man’s
work, which replaces the old rule of-thumb method.
Second. They scientifically select and then train, teach, and
develop the workman, whereas in the past he chose his own
work and trained himself as best he could.
Third. They heartily cooperate with the men so as to insure all
of the work being done in accordance with the principles of the
science which has been developed.
Fourth. There is an almost equal division of the work and the
responsibility between the management and the workmen. The
management take over all work for which they are better
fitted than the workmen, while in the past almost all of the
work and the greater part of the responsibility were thrown
upon the men.
8. Positive impacts of this principles:
1.Standardized results;
2 Guarantee a specific result or outcome;
3.Objectives can be achieved in a better way;
4.Better utilization of available resources, skills and
budget
