Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
The relevance of Taylor and Fayol’s contribution in the contemporary business environment Equally. Both Fayol and Taylor have given principles of management to improve efficiency in an organisation. Taylor gave us scientific principles of management which are being adopted by all organisations to improve productivity at the shop floor level, the principles help in giving effective results. In the same manner, Henry Fayol gave general principles of management which when implemented at any of the levels-top, middle or lower help in achieving better co-ordination, remove ambiguity and encourage the employees to improve their work performance.
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