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EXPLAIN SCIENTIFIC MANAGEMENT THEORY
A management approach, formulated by Frederick.W.Taylor and others among 1890 and 1930, that sought to determine scientifically the best methods for performing any task, and for selecting, training, and motivating In the United States workers. Scientific management theory arose in part from the need to enhance productivity. Skilled labour was in short supply at the starting of the twentieth century. The only way to expand productivity was to raise the efficiency of workers. Therefore Frederick.W.Taylor, Henry.L.Gantt and Frank devised the body of principles called as Scientific Management Theory.
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WHY STUDY MANAGEMENT THEORY ? Theories are perspectives with which people make sense of their world experiences. Formally, a theory is a coherent group of assumptions put for
Short Term Financing & Working Capital: Short-term financial decisions generally involve short-lived assets and liabilities, and usually they are easily reversed. Short term or
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Q. Distinguish between motivation and satisfaction ? A) Motivation is the process of A) Satisfaction is the end inspiring and actuating the result of motivation. Workers to acco
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