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The Principles of Scientific Management by Frederick Winslow Taylor
page 4 of 120 (03%)
it is believed, will especially appeal to engineers and to managers of
industrial and manufacturing establishments, and also quite as much to
all of the men who are working in these establishments. It is hoped,
however, that it will be clear to other readers that the same principles
can be applied with equal force to all social activities: to the
management of our homes; the management of our farms; the management of
the business of our tradesmen, large and small; of our churches, our
philanthropic institutions our universities, and our governmental
departments.



CHAPTER I

FUNDAMENTALS OF SCIENTIFIC MANAGEMENT

The principal object of management should be to secure the maximum
prosperity for the employer, coupled with the maximum prosperity for
each employee.

The words "maximum prosperity" are used, in their broad sense, to mean
not only large dividends for the company or owner, but the development
of every branch of the business to its highest state of excellence, so
that the prosperity may be permanent. In the same way maximum prosperity
for each employee means not only higher wages than are usually received
by men of his class, but, of more importance still, it also means the
development of each man to his state of maximum efficiency, so that he
may be able to do, generally speaking, the highest grade of work for
which his natural abilities fit him, and it further means giving him,
when possible, this class of work to do.
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