scientific management theory

The main purpose of management should be to guarantee employerдЫЄs wealth maximization, alongside wealth maximization of employees. The term дЫчwealth maximizationдЫЄ is applied, in their extensive relevance, to imply not merely substantial dividends for the shareholders or the company, but the formation of every sector of the business to its optimal state (Schermerhorn, 2009), so that wealth may be stable.