What is the benefits of scientific management theory?

Answer 1

Scientific Management Theory is a theory of management concerned with the physical efficiency of an individual worker. The main objective was to improve economic efficiency and labor productivity. They wanted to be fair to the workers for a days work. To explain how the individual's motivation works strictly as a function of economic reward. :)

Answer 2

"Scientific management is essential for any type of business these days. It aims at introducing new and improved methods of production and removal of wastage and inefficiency in undertaking the production activities. "

1.)Increase in productivity.

Aims at introducing new and improved methods of production and removal of wastage and inefficiency in undertaking the production activities.

2.) Increase in efficiency in quality and quantity.

Aims at introducing new and improved methods of production and removal of wastage and inefficiency in undertaking the production activities.

3.)Easy to keep track records of total production,individual production and other informations in tabulated or calculated manner.

4.)improves relationship between employees,employers or other management authorities by creating a friendly environment.

5.)provides a formal environment and opportunity to improve social networking .

6.)Decrease in working hours which led to decrease in stress and improves efficiency.

7.) Providing opportunity to earn more for every individual in form of incentives,referral bonuses,other bonuses.

8.)Decrease in rate of depletion of resources or reduces the wastage of resources.

9.)profit margin at every turn over of a company also increases.

10.)employee satisfaction rate of a company also increases.