Which of the following principles emphasizes minimizing waste and improving efficiency?

Option 1 -> Initiative encourages employees to take proactive action and show enterprise, but doesn't specifically focus on waste reduction or efficiency improvement.

Option 2 -> Esprit de Corps promotes team spirit, harmony, and unity among workers, emphasizing organizational cohesion rather than waste minimization.

Option 3 -> Science, not rule of thumb advocates replacing traditional, outdated methods with scientific analysis to determine the most efficient way of performing tasks, directly targeting waste elimination.

Option 4 -> Authority and Responsibility deals with the balance between power and accountability in management, not specifically with waste reduction or efficiency.

Hence, Option 3: Science, not rule of thumb -> This principle, from Taylor's Scientific Management, emphasizes systematic study and scientific methods to replace inefficient traditional practices, directly focusing on minimizing waste, optimizing resource use, and improving operational efficiency through data-driven decision making -> correct