A turn of the screw

A turn of the screw

There was an industrialist whose production line inexplicably breaks down, costing him millions per day. He finally tracks down an expert who takes out a screwdriver, turns one screw, and then - as the factory cranks back to life - presents a bill for £10,000.

Affronted, the factory owner demands an itemised version. The expert is happy to oblige: "For turning a screw: £1. For knowing which screw to turn: £9,999."

Author: Oliver Burkeman in "The Guardian Weekend", 13 August 2011

 

after reading this story i remember henry foly

 

1. Division of work – work and tasks should be perform by people specialized in the work and similar tasks should be organized as a unit or department.
        2. Authority – delegated persons ought to have the right to give orders and expect that they be followed.
        3. Discipline – workers should be obedient and respectful of the organization
        4. Unity of command – employees should receive orders from only one person with authority
        5. Unity of direction – the organization and employees are dedicated to one plan of action or set of objectives.
        6. Subordination of individual interests to the general interest – organizational conflict should be limited by the dominance of one objective.
        7. Remuneration – although Fayol provides no guidance on pay, the organization must recognize the economic value of employees and that their economic interests are important.
        8. Centralization – whether an organization should be centralized or decentralized depends upon such factors as communications and the importance of who should make the decision.
        9. Scalar chain – authority in an organization moves in a continuous chain of command from top to bottom.
      10. Order – everything, people and resources, has a place that it belongs.
      11. Equity – fairness is important in management-employee relations
      12. Stability of tenure of personnel – turnover is disruptive; shared experience is important

Replies (1)

Brilliant I love this story , it is strange when we have a big problem we cannot see the simple and easiest answer............

Thankx for Sharing......yes

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details