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The Development of the Scientific Management Theory - Research Paper Example

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This research paper discusses the main purpose of management, that should be to guarantee employer’s wealth maximization, alongside wealth maximization of it's employees. The researcher focuses on the analysis of the history of scientific management theory…
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The Development of the Scientific Management Theory
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"The Development of the Scientific Management Theory"

Download file to see previous pages The researcher states that the most of individuals think that the basic motives of employers and employees are essentially opposed. In contrast, scientific management has for its core groundwork the strong belief that the genuine objects of the two are inseparable - that wealth for the employer cannot be sustained in the long run unless it is attended with the wealth for the employee and that it is doable to grant the employee what s/he most desires and the employer what s/he desires for his/her production. Thus, it is unquestionable that the influential and most contentious contribution to the development of management theory was the theory and practice of scientific management by Frederick Winslow Taylor, that was a main focus of the analysis and was presented in the essay. The principles of scientific management remain in vogue in large numbers of companies in the US. However, this is not similar to the scientific management pioneered by Frederick Taylor. Over the years, these management principles have been modified and the outdated components have been eliminated. This capacity to adjust has been helpful in the continued existence of the fundamental premises of scientific management, where remain numerous deliberations about its fundamental rules in contemporary management theory. This is due to the fact that these fundamental principles remain vital, present-day managers still applying them. Hence, the issues have numerous spectators. Scientific management survives and will stay alive for a hundred years or so. ...Download file to see next pagesRead More
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