Scientific Management Theory is one of the earliest and most influential approaches in the study of #management, #work_design, and #organizational_efficiency. Developed mainly through the work of Frederick Winslow Taylor in the early twentieth century, the theory argues that work can be improved through careful observation, measurement, planning, standardization, and training. Its central idea is simple: if managers study tasks scientifically, they can design better work meth

The Red Line Agreement of 1928 is one of the most important historical cases for understanding the relationship between #corporate_power, #energy_geopolitics, and the political economy of natural resources. The agreement was connected to the former Ottoman territories of the Middle East and to the struggle among major oil companies to control access to petroleum after the First World War. Although the agreement was a private corporate arrangement, its effects went far beyond