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Taylor’s Scientific Management (27)

In this article we will discuss Taylor’s Scientific Management (27)

Taylor’s Scientific Management (27)

Mental Revolution: At present, industry is divided into two groups – management and labour. The major problem between these two groups is the division of surplus. The management wants the maximum possible share of the surplus as profit; the workers want, as large share in
the form of wages. Taylor has in mind the enormous gain that arises from higher productivity. Such gains can be shared both by the management and workers in the form of increased profits and increased wages.

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