Question

Whatvis management? What is the contribution of frederick w taylor to nagement?

Answer 1

Management is the combined or interchanged process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals in an efficient and effective manner.

Frederick Taylor used his engineering background to develop his scientific management theory. He believed that the use of engineering principles would lead to a reduction of waste and an increase in production and efficiency that would benefit not only the business but employees and society in general.