Step 1: Understanding the Concept:
Scientific Management is a theory of management that analyzes and synthesizes workflows.
Its main objective is improving economic efficiency, especially labor productivity.
Step 2: Detailed Explanation:
The seminal work 'The Principles of Scientific Management' was published in 1911 by Frederick Winslow Taylor (F.W. Taylor).
In this book, Taylor proposed that by optimizing and simplifying jobs, productivity would increase.
He introduced four main principles:
1. Replace "rule-of-thumb" work methods with methods based on a scientific study of the tasks.
2. Scientifically select, train, and develop each employee rather than passively leaving them to train themselves.
3. Provide "Detailed instruction and supervision of each worker in the performance of that worker's discrete task".
4. Divide work nearly equally between managers and workers, so that the managers apply scientific management principles to planning the work and the workers actually perform the tasks.
For context:
- Henri Fayol is known for General and Industrial Management (14 principles).
- Luther Gulick and Lyndall Urwick are associated with the 'Classical Theory' and the acronym POSDCORB.
Step 3: Final Answer:
The book was authored by F.W. Taylor.