Taylor’s 5 Principles of Management Flashcards
Definition of Taylor’s 5 Principles of Management
Taylor used the 5 Principles of Management to find the best method for competing each task by studying workers a the Bethlehem Steel Factory in the 1980s
Taylor’s theory aimed to achieve… x3
Efficiency by increasing output per worker to maximise productivity by offering piece rate incentive
Standardisation by creating consistent job performance and dividing jobs into small tasks
Discipline by establishing hierarchical authority and all manager policy decisions could be implemented
The 5 Principles of Management are…
Science, not rule of thumb
Harmony, not discord
Mental Revolution
Cooperation, not individualism
Development of each and every person to his or her greatest efficiency and prosperity
Science, not rule of thumb means…
Decisions should be made based on scientific analysis rather than manager’s personal judgment to increase efficiency
Harmony, not discord means…
The relationship between managers and workers should be harmonious and they should acknowledge each other’s importance to achieve total harmony’s it isn’t beneficial to either side if there is clear difference.
Mental Revolution means…
Understanding the value of each other and working with full participation to boost profits.
Cooperation, not individualism means…
Managers and workers should have mutual cooperation and confidence to decrease internal competition
Development of each and every person to his or her greasiest efficiency and prosperity means…
The effectiveness of the business is replicant on the skills of employees therefore using training to improve skills is a scientific approach
Scientific selection ensures…
Training is given to the right employee
Costs of scientific management to employee… x3
Kills creativity in workers and creates frustrations which demotivated and increases staff absenteeism.
Speeds up work with no consideration of worker wellbeing. This can demotivate staff and increase staff turnover.
Creates unemployment due to more efficient methods and machinery which reduces standard of living
Costs of scientific management to employer… x6
Cannot benefit from employee ideas which means org could miss out on competitive edge
Workers motivated by piece rate could produce mistakes which increases wastage and gives the org a bad rep
Not everyone is motivated by financial incentives which means the business will have to find other ways to motivate which is time consuming and difficult.
If staff aren’t paid competitive wages, they may feel undervalued which increases turnover.
Kills creativity in workers and creates frustrations which demotivated and could increase absenteeism.
Time and motion studies involve heavy initial outlay of capital which creates cash flow problems.
Benefits of scientific management… x3
Time and motion studies can eradicate delays and eliminate wastage which increases efficiency and reduces wastage by utilising resources
Reduces cost of production through increased output which increases market share
Improvements relations between management and workers which reduces absenteeism and gains the business a good reputation
