Principles of Scientific Management

Key Takeaways

• 1.The foundational work on scientific management and industrial efficiency.
• 2.Scientific management involves the application of scientific methods to improve efficiency and productivity.
• 3.Industrial efficiency involves the optimization of production processes and the reduction of waste.
• 4.Scientific management has implications for businesses, investors, and policymakers.
• 5.Scientific management is a complex and evolving concept.