Principles of Management — Part 2: Taylor's Scientific Management: visual lesson, CBSE Class 12 Business Studies

Lesson

Scientific management

Part 2 — F. W. Taylor, the four principles and the techniques of scientific management.

In this lesson you will

Explain Taylor's four principles of scientific management
Explain the techniques of scientific management, including functional foremanship
Calculate earnings under the differential piece wage system
Compare the contributions of Fayol and Taylor

Part 2 at a glance

Concept

Knowing exactly what you want people to do, and seeing that they do it in the best and cheapest way.

From rule of thumb to science

Diagram

Table of Taylor's four principles: science not rule of thumb, harmony not discord, cooperation not individualism, and development of each and every person to greatest efficiency and prosperity
Principle of scientific management	Meaning
Science, not rule of thumb	Study each job to find the one best way
Harmony, not discord	End conflict through a mental revolution; share gains
Cooperation, not individualism	Managers and workers work together; workers' suggestions welcomed
Development of each and every person	Scientific selection, placement and training for greatest efficiency