Excerpt from Plant Management, Vol. 4: Modern BusinessIn 1903 Mr. F. IV. Taylor presented before the American Society of Mechanical Engineers a remark able paper on Shop Management. This paper was the first of its kind and the first attempt to formulate what might be called a philosophy of industrial man agement. The paper met with an instant response and it has done more to quicken the study of this sub jcet than any document of its kind ever written be cause it raised for the first time in a clear cut manner the query as to whether management was essentially an empirical matter depending upon personality, or whether there were basic facts or principles that could be applied without reference to personal ability.Without raising the much debated question as to whether industrial management can ever be placed on a strictly scientific basis it appears that there are a. Number of well-defined principles on which successful management must rest. These principles were all well known long before Mr. Taylor presented his classic paper, but he was the first to present a group of these principles in an orderly manner as a basis for industrial management.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.