Management Theories

Topics: Management, Frederick Winslow Taylor, Economics Pages: 2 (398 words) Published: January 16, 2013
Adam Smith
The father of economics

Adam Smith's The Wealth of Nations discusses the optimal organization of a pin factory; this becomes the most famous and influential statement of the economic rationale of the factory system and the division of labor. Major works of Adam Smith

The Theory of Moral Sentiments (1759)
An Inquiry Into the Nature and Causes of the Wealth of Nations (1776) Essays on Philosophical Subjects (published posthumously 1795) Lectures on Jurisprudence (published posthumously 1776)
Lectures on Rhetoric and Belles Lettres
Frederick W. Taylor
sometimes called "the father of scientific management." He was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era. The Principles of Scientific Management, published in 1911. His approach is also often referred to, as Taylor's Principles, or frequently disparagingly, as Taylorism. Taylor's scientific management consisted of four principles: 1.Replace rule-of-thumb work methods with methods based on a scientific study of the tasks. 2.Scientifically select, train, and develop each employee rather than passively leaving them to train themselves. 3.Provide "Detailed instruction and supervision of each worker in the performance of that worker's discrete task" (Montgomery 1997: 250). 4.Divide work nearly equally between managers and workers, so that the managers apply scientific management principles to planning the work and the workers actually perform the tasks Taylor's contribution to organizational theory

This required an organization theory similar for all practical purposes to that advocated by those organizational theorists who followed. These theorists developed principles of management, which included much of Taylor's philosophy His framework for organization was:

clear delineation of authority
separation of planning from operations
incentive schemes for workers
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