Final answer:
A company-wide effort to continuously improve work processes and efficiency is known as continuous development or innovation, including practices developed under Taylorism and later refined by the field of human factors psychology or ergonomics.
Step-by-step explanation:
A company-wide effort to continuously improve the ways people, machines, and systems accomplish work is called continuous development or innovation. This concept is deeply connected to the principles of Taylorism, a system developed by Frederick Winslow Taylor, which sought to enhance factory efficiency through standardization and the careful study of work processes.
These efforts aimed at making the workplace more efficient are not a historical footnote but a continuing journey towards increasing both the output for companies and the well-being of employees. Continuous development in industrial production is critical for staying competitive, especially as the pace of work intensifies and technological advancements make new methods of work possible.