Principles of Scientific Management

Study Notes

Focus on efficiency through scientific study of work processes, maximizing talent via division of labor, selection based on skills, and performance-based incentives.
Emphasizes harmony between management and workers to foster cooperation and reduce discord.
Stresses the need for open communication and collaboration to align the interests of both employees and management for achieving organizational goals.
Advocates for teamwork over individualism, supporting the idea that personal goals should align with company objectives.
Highlights the importance of mutual confidence, cooperation, and goodwill between management and workers, which is essential for a shared vision and common goals.
Encourages a focus on maximizing output rather than limiting it, emphasizing the necessity of efficient planning and communication.
Production can be maximized through enhanced efficiency and optimal resource utilization, leveraging modern scientific methods.
Advocates for a fair profit-sharing model, ensuring that both management and workers benefit from the organization's achievements.
Decision-making should incorporate input from workers to cultivate morale and improve productivity.
Proposes that both management and workers work together towards common objectives, aiming for maximum productivity and sharing surplus benefits equally.