Podcast
Questions and Answers
What is the primary focus of Industrial Engineers?
What is the primary focus of Industrial Engineers?
What is the definition of Management by Fredrick W. Taylor?
What is the definition of Management by Fredrick W. Taylor?
When did Fredrick W. Taylor introduce the concept of Scientific Management?
When did Fredrick W. Taylor introduce the concept of Scientific Management?
What are the inputs typically found in any industry according to the text?
What are the inputs typically found in any industry according to the text?
Signup and view all the answers
What is one of the key responsibilities of Industrial Engineers as mentioned in the text?
What is one of the key responsibilities of Industrial Engineers as mentioned in the text?
Signup and view all the answers
What is the primary purpose of a company according to the text?
What is the primary purpose of a company according to the text?
Signup and view all the answers
What are the different types of companies mentioned in the text?
What are the different types of companies mentioned in the text?
Signup and view all the answers
What is one of the key benefits of starting a company?
What is one of the key benefits of starting a company?
Signup and view all the answers
What is the definition of an organization according to the text?
What is the definition of an organization according to the text?
Signup and view all the answers
What is one of the key responsibilities of an organization mentioned in the text?
What is one of the key responsibilities of an organization mentioned in the text?
Signup and view all the answers
Study Notes
Inputs in Industry
- Inputs in any industry include human efforts, materials, and invested capital.
Definition of Industrial Engineering
- Industrial Engineering is concerned with the design, improvement, and installation of integrated systems of people, materials, and equipment.
Concerns of Industrial Engineers
- Industrial engineers aim to reduce production costs, increase efficiency, improve product quality, ensure worker health and safety, protect the environment, and comply with government regulations.
- They work to eliminate waste of time, money, materials, energy, and other commodities.
Definition of Management
- Management refers to "the way of getting things done."
Frederick W. Taylor's Definition of Management
- Frederick W. Taylor, the Father of Scientific Management, defined management as "the art of knowing what you want to do in the best and cheapest way."
Introduction of Scientific Management
- Frederick W. Taylor introduced the concept of Scientific Management at Midvale Steel Company in Philadelphia around 1880.
Concepts of Scientific Management
- Analyze each job or task scientifically to determine the "one best way" to perform the job.
- Hire the right workers for each job and train them to work at maximum efficiency.
Definition and Types of a Company
- A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity.
- Companies can be a partnership, proprietorship, corporation, public, or private.
- The benefits of starting a company include income diversification, strong correlation between effort and reward, creative freedom, and flexibility.
- Companies create jobs, employ people, reduce unemployment, and bring wealth into the economy.
Definition of an Organization
- An organization is a collection of individuals who join together to achieve common goals and objectives, bounded by legal entities.
- Organizations can be referred to as a company, institution, association, government body, etc.
- They follow legal procedures like business registration, tax identification, and maintaining corporate book records.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge on the inputs in any industry, the definition of Industrial Engineering according to AIIE, and the responsibilities of Industrial Engineers. Learn about human efforts, materials, integrated systems, production costs, efficiency, and quality improvement.
