Acta Universitatis Danubius. Œconomica, Vol. 8, No. 4
Abstract
Frederick Taylor is known as the father of modern management. Taylor’s scientific
management revolutionized industry and helped shape modern organization. Scientific management
revolutionized industry because it explains how to increase production by working smarter, not
harder. Taylor’s ideas were not limited to only serving the company’s bottom line but the increase in
productivity benefited the workforce as well. The principles of scientific management became a
machine of universal efficiency since there was a widespread use of scientific management
worldwide and beyond the scope of the workplace. Taylor’s theories on using science and statistical
fact have become a guideline that many have followed to great success.
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