Final answer:
The principles of management, as outlined by Frederick Taylor in 'The Principles of Scientific Management', cover core concepts like efficiency, scientific management, and industrial efficiency that continue to influence modern management practices.
Step-by-step explanation:
The student is inquiring about the 14 general principles of management, particularly the four principles that are still relevant in today's management philosophy. Management philosophies evolve over time, reflecting the needs and values of the business environment. Frederick Taylor's 'The Principles of Scientific Management' outlines certain principles that are core to management, even today.
These principles include efficiency in the workplace, leading to benefits for both the employer and the employee, and scientific management, which centers around optimizing labor efficiency through time-motion studies and standardization of work processes. The principles highlighted by Taylor back in 1911 have influenced contemporary management practices, where the focus is still on maximizing productivity and finding the most effective ways to conduct business. Today, concepts of efficiency and scientific management underscore modern business strategies, although they have evolved to accommodate new technologies and a better understanding of human factors in the workplace.
Taylorism was not without its critics, as it was seen as a contributory factor toward depersonalizing the workplace and reducing worker autonomy. Nonetheless, the foundation it laid in industrial efficiency and its role in highlighting the importance of skillful management continue to influence contemporary management theories. Consequently, Taylor's philosophy echoes in present-day management through practices that emphasize productivity and the scientific analysis of work tasks.