What is the definition of scientific management theory?
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Scientific management is a management theory that analyzes work flows to improve economic efficiency, especially labor productivity.
This management theory, developed by Frederick Winslow Taylor, was popular in the 1880s and 1890s in U.S. manufacturing industries.
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The Scientific Management Theoryis well known for its application of engineering science at the production floor or the operating levels. The major contributor of this theory is Fredrick Winslow Taylor, and that’s why the scientific management is often called as “Taylorism”.
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