From the Archives: Tuck conference
This Friday, the Tuck School of Business will host its annual Tuck India Business Conference, a meeting "at the forefront of addressing the rising pre-eminence of India in global business," according to the school's website. The conference will invite prominent leaders, entrepreneurs and investors to discuss business strategies in the context of an economically emerging India.
One hundred years ago, Tuck was given a similar opportunity to host one of the first business conferences on a then-emerging concept that echoes throughout the business world today: scientific management, the concept of efficiently maximizing labor and resources to their full potential.
It was a new theory of management developed by Frederick Taylor and had been discussed in the realm of technical societies but never in the context of real-world applications. Tuck sought to host the first public conference on the subject that would invite business leaders and manufacturers to discuss its practical use in business.
"Some are convinced that it is the most promising device yet presented for increasing the efficiency of both management and labor and consequently for increasing at the same time profits and wages," H.S. Person, former director of Tuck, told The Dartmouth at the time. "Others believe it is too ideal for practical application."
Scholars grappled with the theory of scientific management until the 1930s, when it was deemed obsolete as a distinct school of thought. Still, many of its themes of efficiently maximizing resources remain applicable today and continue to endure. Few back then would have imagined, though, that India, then still a British colony, would utilize these economic theories to become a rising power in the world economy.