As global competition in manufacturing and services increases and evolves, we are experiencing profound changes in the way organizations are approaching problem solving and manipulating potential opportunities. Such events as global recessions, terrorist issues, natural disasters, extreme weather, etc., can all create major disruptions in production and operations. This in turn has an impact on revenues and profits for many organizations around the globe.
As managers and leaders in business and society, we must be able to apply quantitative analysis to offset and overcome these disruptions. Review the video below to see how Scientific Management theory can be used to improve productivity efficiently.
Giddha, L. (2016). Scientific Management theory. Retrieved from https://www.youtube.com/watch?v=jemmuKxGKL8 (Links to an external site.)
Consider the importance of using scientific management in decision making in manufacturing and service based organizations as it applies to one of the topics below. In a two page paper using APA style and two resources, discuss the importance of scientific management as applicable to the topic. Incorporate your own personal experiences into your response.
Increasing Global Competition
Rapid Technology Advancement
Returns On Invested Capital
Voice of The Customer Market Response
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