Taylorism

Named after Frederick Winslow Taylor, also called scientific management

in where it is thought that decisions based upon tradition should be
replaced by precise procedures developed after studies about a person in
work

Taylorism consists of

Developing a standard method to perform each job

Selecting workers with appropriate capacities for each job
Training workers for the standard method previously developed
Supporting workers by organising their work
Giving payment incentives to workers to increase output

Fordism

Named after Henry Ford an American engineer who founded the Ford
Motor Company at Detroit in 1903
Pioneer of standardisation, mass production and the assembly line, by
adopting these techniques he was able to produce reliable, low cost cars
and other motor vehicles.

Fordism has 4 key elements

The separation of different work tasks between different groups of

workers in which unskilled workers execute simple, repetitive tasks
and skilled workers undertake functions related to research, design,
marketing and quality control
Parts and components of the motor vehicles are highly standardised
The machines are arranged in the right order to assemble the
product
Workers are working on the assembly line

The main goal of Fordism is to lower the manufacturing cost of

the automobile

Fordism is a manufacturing philosophy

that aims to achieve higher productivity by standardizing
the output, using conveyor assembly lines, and breaking the work into
small deskilled tasks.

- Whereas Taylorism (on which Fordism is based)

seeks machine and worker efficiency, Fordism seeks to combine them
as one unit, and emphasizes minimization of costs instead
of maximization of profit.