Question

What is the name of the managment theory introduced by Frederick Taylor that suggestied the classical approach (formal organization and functioning)? He studied how to optimize perfromance of any task and focused on desiging optimal and efficient work processes.

Answer 1

Frederick Taylor introduced Scientific Management, a theory that emphasized optimizing task performance and work process efficiency through time-motion studies and standardization, as described in his 1911 book 'The Principles of Scientific Management.'

Step-by-step explanation:

The management theory introduced by Frederick Taylor that suggested the classical approach to formal organization and functioning is known as Scientific Management. Taylor was an engineer who focused on optimizing the performance of tasks and designing efficient work processes. He published his ideas in a book titled The Principles of Scientific Management in 1911, which laid out the principles of time-motion studies and standardization. Taylor believed that by studying and analyzing the time and motions involved in a task, processes could be standardized, leading to increased efficiency for both the organization and the worker, ultimately benefiting the employer with more profits and the employee with higher wages.