F.W.Taylor

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Frederick Winslow Taylor also known as F.W.Taylor. frederick Winslow Taylor was an american mechanical engineer. f.w.taylor was born on march 20,1856 .He was the one of the first financial consultants.he is alsoKnown for"Father"of the Scientific management & Efficiency Movement, Father of Industrial Engineering.Taylor was the son of a lawyer. He entered Phillips Exeter Academy in New Hampshire in 1872. In 1911, Taylor summed up his efficiency techniques in his book ' The Principles of Scientific Management'. Taylor was also an athlete who competed nationally in tennis. His occupation was Efficiency expert Management consultant. He got the Awards of Elliott Cresson Medal (1902).
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amalgamation meaning

 Amalgamation

Meaning

When two or more companies go into liquidation and a new company is formed to take over the business of the liquidating companies,it is called amalgamation.

Definition

According to Halsbury's Laws of England, "Amalgamation is a blending of two or more existing into the undertaking,the shareholders of each blending company becoming substantially the shareholders in the company which is to carry on the blended undertakings.there may be amalgamation either by transfer of two or more undertakings to a new company or by the transfer of one or more undertakings to an existing company

Objectives 

  • Elimination of competition
  • Price maintenance by regulating output
  • Securing larger share of the market
  • Equitable distribution of what is produced
  • Building-up goodwill
  • Avoiding duplication and reducing costs
  • Introducing schemes of rationalisation
  • Promoting research and development


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