Scientific Management.

My family has come into ownership of a new factory, in which we have applied some of Taylor's new 'scientific management' theories. It all seems quite brilliant to me, motivating workers with pay based on production and effort, and what not. This is good for production, for business, and for the workers. Idle hands are replaced with people working to meet their quotas. I don't really enjoy how most other factories seem only to be using these theories to benefit owners, and workers don't share in the increased output. Doesn't seem right to me, they are the ones doing the work after all... In my factory, I'm going to implement these ideas to increase productivity to benefit everyone, myself, the managers, and laborers included. Thankfully I don't need to rely on this factory to make a living, so I can try to focus on making it a fair place.

I am also going to look into this new idea of vertical integration. Controlling every step of my factories' processes and how products get to my factories could be beneficial financially. Maybe with my control over every part of making my product, I can save some money, and pass on that savings by making prices even cheaper for the average American. Hopefully lots of good comes from this!