Dan Schaeffer probably should read the section on the relationship between the CEO and the Board. the New Manager Development Course
“The most mature and most cogent statement on Scientific Management is still the testimony Taylor gave before the House of Representatives in 1912.” LWS - Foreman has the toughest job. Workers view him as mgmt. Mgmt views him as a worker
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Output is limited by the scarcest resource Time is the limiting factor, the most scarce resource
Can always acquire more money or people But one cannot obtain more time
The Supply of Time is totally inelastic No matter how high the price, the supply cannot increase