This article throws light upon the top nine techniques of scientific management introduced by Taylor in order to improve work efficiency and organisational productivity. Some of the techniques are: 1. Separation of Planning and Doing 2. Functional Foremanship 3. Job Analysis 4. Standardisation of Work 5. Financial Incentives 6. Differential Rate System 7. Scientific Selection and Training and Others. Technique [...]
This article throws light upon the top five principles of scientific management theory suggested by Taylor. The principles are: 1. Rule of Thumb should be Replaced with Science 2. There should be Harmony, not Discord in Group Action 3. Cooperation, not Individualism 4. Maximum Output, not Restricted Output5. Development of Workers to their Fullest Capacity. Principle # 1. Rule of [...]
This article throws light upon the 7S model developed by McKinsey for understanding the framework of management. The seven S are: 1. Strategy 2. Structure 3. Systems 4. Style 5. Staff 6. Skills 7. Shared Values. 1. Strategy: Strategy making is an important variable that affects managerial excellence. Strategy means determination of objectives and allocation of resources to achieve these [...]