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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Branches

 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 entire profit of the branches go to the head office.
  • Segregation of branch    -the branches are physically segregated from head office.they were established in different places.
  • Expenses at the branch  - all expenses at the branch are usually met trough remittences from the head office.
  • Designing of branch - all the branches are designed in a such a way that they look alike.

Differences between Branches and departments
Branches - Meaning, definition, features and differences between branches and departments

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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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