Explanation:

'Frederick W. Taylor was the first man in recorded history who deemed work deserving of systematic observation and study. On Taylor's `scientific management' rests, above all, the tremendous surge of affluence in the last seventy-five years which has lifted the working masses in the developed countries well above any level recorded, even for the well-to-do. Taylor, though the Isaac Newton (or perhaps the Archimedes) of the science of work, laid only first foundations, however. Not much has been added to them since - even though he has been dead all of sixty years." (Peter Drucker, Management: tasks, responsibilities, practices. Heinemann,1973).

In Taylor's seminal work, The principles of scientific management, he puts forward his ideas of `Scientific Management' (sometimes referred to today as `Taylorism') which differed from traditional `Initiative and Incentive' methods of management.