Taylor’s Scientific Management

Dimitrios N. Koumparoulis () and Dionysios K. Solomos ()
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Dimitrios N. Koumparoulis: UGSM-Monarch Business School, Switzerland
Dionysios K. Solomos: UGSM-Monarch Business School, Switzerland

Acta Universitatis Danubius. OEconomica, 2012, issue 4(4), 5-14

Abstract: Frederick Taylor is known as the father of modern management. Taylor’s scientific management revolutionized industry and helped shape modern organization. Scientific management revolutionized industry because it explains how to increase production by working smarter, not harder. Taylor’s ideas were not limited to only serving the company’s bottom line but the increase in productivity benefited the workforce as well. The principles of scientific management became a machine of universal efficiency since there was a widespread use of scientific management worldwide and beyond the scope of the workplace. Taylor’s theories on using science and statistical fact have become a guideline that many have followed to great success.

Keywords: Frederic Taylor; scientific management; productivity; organization; output (search for similar items in EconPapers)
Date: 2012
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