Frederick Winslow Taylor is credited with the initial development of scientific management techniques. The scientific management principle developed by him during the early nineteen hundreds, laid the basis to the study of managerial problems. He developed his theory emphasizing the new philosophy of management responsibility for planning and supervision and formulating of rules, formulae, etc. in connection with labor and machine techniques, which would result in lower cost to the employer and a higher return to labor.
Taylor's chief contribution to the development of management theory was an application of scientific method to problems of management. His emphasis on the study of management from the point of view of shop management led to the overlooking of "the more general aspects of management, particularly in the United States and Great Britain."
In addition, several management science techniques were further developed during World War II.
World War II posed many military, strategic, logistic, and tactical problems. Operations research teams of engineers, mathematicians, and statisticians were developed to use the scientific method to find solutions for many of these problems. The usefulness of the Quantitative Technique was evidenced by a steep growth in the application of scientific management in decision-making in various fields of engineering and management. At present, in any organization, whether a manufacturing concern or service industry, Quantitative Techniques and analysis are used by managers in making decisions scientifically.
Quantitative Techniques for management Related Tutorials
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Quantitative Techniques for management Related Interview Questions
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Quantitative Techniques for management Related Practice Tests
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Quantitative Techniques For Management Tutorial
Quantitative Techniques – Introduction
Measures Of Central Tendency
Linear Programming: Graphical Method
Linear Programming: Simplex Method
Waiting Model (queuing Theory)
Theoretical Probability Distributions
Probability Distribution Of A Random Variable
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