What is meant by scientific management state its main merits and limitations?
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Explanation:
Advantages of Scientific Management for an Organization
(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:
(7) Proper Methods of Selection and Training of Workers:
(8) Provision of Better Working Conditions:
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Article shared by : Scientific management implies the application of scientific methods of study and analysis of the problems of management. ... It is a systematic approach as compared to the rule of thumb or trial and error approach.
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