Answered: Hi students, The late Peter Drucker,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Hi students,

The late Peter Drucker, arguably one of the most re-spected and influential writers on management in the twentieth century, observed:
Whatever his limitations and shortcomings—and he had many—no other American, not even Henry Ford (1863–1947), had anything like Taylor’s impact. “Scientific Management” (and its successor, “Industrial Engineering”) is the one American philosophy that has swept the world—more so even than the Constitution and the Federalist Papers. In the last century there has been only one worldwide philosophy that could compete with Taylor’s: Marxism. And in the end Taylor has triumphed over Marx.
Comment on Drucker’s observations about the Taylor system. Do you agree with his statement about Taylor versus Marx? Why or why not?

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