The current era of business adapts to everything new, but these modern concepts are an indirect homage to the theories produced by Taylor, Fayol, Mayo and Weber. Taylor's scientific theory of management is one example that has become such an important aspect of modern management that it seems incredible that his concepts are part of history. It is wrongly assumed that as society progresses, older theories tend to lose their importance. The thing to note here is that these theories are based on basic human needs that do not change over time; what changes is the method of meeting these needs. It is important to study previous management theories because these theories are less complex and provide immediate solution to problems. These theories essentially help us get to the root of the problem and understand its complexity. The better we understand the problem, the easier it is to achieve business goals. The following essay outlines the importance of Taylor's scientific management theory and how it is still implemented in the business world today. The founding father of scientific management theory is Fredrick Winslow Taylor. He was an American mechanical engineer and inventor. Modern management theorist Edward Deming credited Taylor for his contributions, while Joseph Juran criticized his work for extracting more labor from workers. However, a careful reading of Taylor's works will reveal that he placed the interest of workers in his studies on the same level as that of employers. Before discussing the principles of management, it is very important to understand the causes that led Taylor to develop the four principles of management. The three causes are: 1) Worke...... middle of paper ......Top Employers (2012). “Shanghai Volkswagen: a pragmatic attitude towards human resource management”, .Urwick, LF (1994). “The Creation of Scientific Management,” University of Chicago Press Economics Books. Urwick, L.F. and E.F.L. Brech (1966). The creation of scientific management: Pitman.Volkswagen (2011). “Sustainability Report 2011”, available at: http://nachhaltigkeitsbericht2011.volkswagenag.com/fileadmin/download/pdf/VWAG_NHB_2011_e_web.pdf, accessed October 8, 2013. Winslow, F. (1911). The principles of scientific management: Cosimo.Wrege, CD and RG Greenwood (1991). Frederick W. Taylor, the Father of Scientific Management: Myth and Reality: Irwin Professional Pub. Wrege, CD and AG Perroni (1974). “Taylor's Tale: A Historical Analysis of Frederick W. Taylor's Pig Iron Experiments,” Academy of Management Journal, 17, pp... 6-27.