F.W.Taylor

Image
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).
Post a Comment

Difference between Economics and managerial economics

 Economics deals with concepts, principles and aspects of economic analysis and managerial economics(also called business economics) deals with application of economic theories for decision making.economics deals with macro and micro economics , managerial economics only includes micro in character.economics includes both positive and normative science and managerial economics includes only normative science.economics deals with all theories of  distribution ,rent,wages, interest and profit managerial economics is widely uses profit theory.managerial economics is study of firms only but economics is study of both individual and firms.economics consider only the economic aspects of a problem, managerial economics consider both economic and non-economic factors.economics have wide scope,and managerial economics have limited scope.and last Economics is very old subject and managerial economics is new and developing subject evolved only after second world war

Comments

Post a Comment

Popular posts from this blog

Branches

Image
  Meaning and Definition Branches are offspring organisations  set up in  different places by a parental organisation known as' Head office '. the main aim of branches are increase sales and sales territory of the business .the head office establishes and controls the activities of different braches trough its centralised system.branches are broadly classified into inland and foreign branches.       The indian Companies act ,1956 defines branch as "any establishment carrying on either the same or substantially the same activity as that carried on by the head office of the company". features of branches  One branch at one place  - Usually there will be only one branch at one places.even if there are more branches at one place they will be under different places. Dealing same items     -  all branches deal in same type of goods or in same line of activities. Capital investments   - capital investments for the branches are made by Head office.  Profit at branch   -  the
Read more

F.W.Taylor

Image
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).
Read more

amalgamation meaning

Image
  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
Read more