search query: @author Cooper, R. / total: 94
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| Author: | Cooper, R. |
| Title: | Cost management: From Frederick Taylor to the present |
| Journal: | Journal of Cost Management
2000 : SEP-OCT, VOL. 14:5, p. 4-9 |
| Index terms: | COST ACCOUNTING COST REDUCTION MANAGEMENT SYSTEMS ANALYSIS SCIENTIFIC MANAGEMENT |
| Language: | eng |
| Abstract: | The author states that scientific management and standard costing go hand in hand, and Taylor played a dominant role in the development of both systems. The author describes four core principles of scientific management and four principles of standard costing. Key assumptions about the workforce, which shaped the environment of the Western world for the first 70-odd years of the 20th century, are following: the workforce is primarily uneducated; control must be centralized; performance must be constant; pay must be based on individual performance. Each assumption is discussed in details. Further, the author considers the assumptions of modern cost management: the workforce is highly educated; the skills of knowledge workers must be leveraged; the need of continuous improvement must be accepted; pay must be based on group performance. |
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