Final answer:
The foundational principles discussed are of scientific management. Introduced by Frederick Winslow Taylor, this approach focused on improving efficiency and productivity in the workplace through a systematic analysis and organization of labor.
Step-by-step explanation:
The beliefs that there are few really new ideas and that true is better than new are two of the foundational principles of scientific management. This philosophical approach to business was introduced by Frederick Winslow Taylor who sought to improve workplace efficiency and labor productivity. Scientific management, also referred to as Taylorism, placed emphasis on time-motion studies, standardization, and the work rather than the worker. It was based on the concept that most economic efficiency could be achieved through a scientific analysis of the work process and systematically organizing the activities of workers.