Taylor's account of his system of scientific management — analyzing work processes with scientific precision to maximize efficiency and eliminate waste.
Scientific management: the systematic study of work — time-and-motion studies to find the 'one best way' to perform any task. The separation of planning from execution: managers plan, workers execute — a division of mental and manual labor that defined industrial organization for a century. Differential piece-rate pay: paying workers more per unit when they exceed the standard. The founding document of modern management theory.
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