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Taylor’s Scientific Management theory

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Added on  2022/04/19

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AI Summary
Scientific Management theory, proposed by Frederick Taylor, is a managing method that aims at maximizing benefit. According to Taylor (1911), the fundamental purpose of management is to improve efficiency. Taylor put forward five principles: the work quota principle, the ability to adapt to the work principle, the standardization principle, the differential piecework pay system, the planning and execution separation principle (Taylor, 1911).

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