Why Did the Work of Fayol,Taylor and the Gilbreths Become

question 128

Essay

Why did the work of Fayol,Taylor and the Gilbreths become less effective over time? The views of Fayol,Taylor and the Gilbreths presumed that managers were overseeing manual labor tasks.As work began to require less manual labor and more knowledge work,the principles became less effective.Medium;Application

---

Definitions:

Translation Rate

The exchange rate used to convert the financial statements of a foreign subsidiary to the reporting currency of the parent company.

Functional Currency

The primary currency of the primary economic environment in which an entity operates, used in preparing its financial statements.

Dividends

Distributions by a company to its shareholders, consisting of a share of the company's profits.

Historical Rates

The exchange rates from past periods used for translating transactions in foreign currencies or financial statements of foreign operations.