The Scientific management theory/method is one of the most essential theories of traditional public administration formulated by Frederick Winslow Taylor who was an engineer by career and all the time seen every thing and its features scientifically and since he was into the manufacturing field,he was to be concerned with increasing efficiency of staff to extend manufacturing within the least attainable time with the least doable resources. Principal paperwork that should be submitted by the entrepreneur who hopes to start a new enterprise embrace: resume (and resumes of any other key people concerned in the proposed enterprise); present monetary statement of all private belongings and liabilities; summary of collateral; proposed working plan; and statement detailing revenue projections.
This idea resulted from the conducting of the Hawthorne experiments at the Western Electric Company by the pioneer of this faculty of thought Sir Elton Mayo and his colleagues of the Harvard Business …