Scientific management can be summarized in four main principles: Using scientific methods to determine and standardize the one best way of doing a job. A clear division of tasks and responsibilities. High pay for high-performing employees.
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
Taylor's four principles are as follows: Replace working by "rule of thumb," or simple habit and common sense, and instead use the scientific method to study work and determine the most efficient way to perform specific tasks.