advantage of scientific management
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Scientific management provides many advantages to a nation in the form industrial peace and harmony, increased production and lesser cost of production, higher standard of living for every section of society, higher national income, rapid industrial development etc.
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Scientific management provides the following advantages:
(1) Reduction in the Cost of Production:
(2) Better Quality Products:
(3) Benefits of Division of Labour:
(4) Avoidance of Disputes between Labour and Management:
(5) Increased Wages:
(6) Gains to Owners/Investors:
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