American Business History
Scientific management is a theory of management that analyzes workflows to improve economic efficiency and productivity, primarily in manufacturing settings. This approach emphasizes the use of data and scientific methods to determine the most efficient ways to perform tasks, aiming to reduce waste and increase output. Its principles were widely adopted during the Industrial Revolution, transforming factory systems and influencing technological and manufacturing innovations, as well as shaping the practices of industrial era tycoons who sought to maximize profits and streamline operations.
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