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Peter Drucker ....... !
Thanks for invitation............
Peter Drucker established the principles of management in the science of management.
The others followed.
Frederick Winslow Taylor published his work, “The Principles of Scientific Management” in 1911, in it, Taylor described the application of the scientific method to the management of workers, and how it could improve productivity. ... Replace guesswork methods with a scientific study of the tasks.
In 1967 Stafford Beer characterized the field of management science as "the business use of operations research"
Its origins can be traced to operations research, which made its debut during World War II when the Allied forces recruited scientists of various disciplines to assist with military operations. In these early applications, the scientists utilized simple mathematical models to make efficient use of limited technologies and resources. The application of these models within the corporate sector became known as management science.
Applications of management science are abundant in industry as airlines, manufacturing companies, service organizations, military branches, and in government. The range of problems and issues to which management science has contributed insights and solutions is vast. It includes:
Management science is also concerned with so-called "soft-operational analysis", which concerns methods for strategic planning, strategic decision support, and problem structuring methods (PSM). At this level of abstraction, mathematical modeling and simulation will not suffice. Therefore, during the past 30 years, a number of non-quantified modelling methods have been developed. These include morphological analysis and various forms of influence diagrams.
Management science (MS), is the broad interdisciplinary study of problem solving and decision making in human organizations, with strong links to management, economics, business, engineering, management consulting, and other sciences. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems. In short, management sciences help businesses to achieve goals using various scientific methods.
The field was initially an outgrowth of applied mathematics, where early challenges were problems relating to the optimization of systems which could be modeled linearly, i.e., determining the optima (maximum value of profit, assembly line performance, crop yield, bandwidth, etc. or minimum of loss, risk, costs, etc.) of some objective function. Today, management science encompasses any organizational activity for which the problem can be structured as a functional system so as to obtain a solution set with identifiable characteristics.
Thanks for invitation,
I do believe that "Fredric W.Taylor" was the first one who set up "Scientific Management".
Frederick Winslow Taylor...............
Scientific Management Theory was developed in 20th century by Frederick W. Taylor while the Principle of Management established by Henri Fayol.
w.taylor 19th the beginning of management .
Frederick .w. taylor in 1903principlees of scientific mgt 1911