Frederic W. Taylor (Economist)

Frederick W. Taylor was an American engineer and economist known as the father of scientific management. In the early 20th century, he introduced systematic methods to improve workplace efficiency and productivity. Taylor analyzed tasks, broke them down into simpler steps, and used time studies to determine the best way to perform each task. His ideas emphasized optimizing labor and reducing waste, which transformed industrial practices. This approach contributed to modern management techniques and influenced various fields, including manufacturing and business operations, highlighting the importance of efficiency and productivity in achieving organizational success.