Discover Your Unique Life to be smart and creative. Business has a simple formula, Do It Now :)
Fredrick W. Taylor developed a set of four management principles:
1. Science should replace “rule of thumb”
2. Workers should be carefully selected
3. Managers should cooperate with workers
4. Responsibilities should be divided equally between managers and workers
Taylor suggested implementation tactics:
1. Time and motion study
2. Functional foremanships in place of a foreman having multiple functions
3. Planning departments for setting objectives
4. Managers should apply the “exception principle”
5. Instruction cards to explain jobs to workers
6. Large bonuses for good work
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