The term scientific management is the combination of two words i.e. scientific and management. The word “Scientific” means systematic, analytical and objective approach. While “management” means getting things done through others. In simpler words, Scientific management means, application of principles and methods of science in the field of management.
“Scientific management is the art of knowing best and cheapest way”. It is the art of knowing exactly what is to be done by whom it is to be done and what is the best and cheapest way of doing it. Scientific methods and techniques are applied in the field of management i.e., recruitment, selection, training, placement of workers and methods of doing work in the best and cheapest way.
Scientific management impacts the organization in a positive way if it is used correctly. This theory is important for organizations all over the world because of its approach to management. Scientific management theory is found in almost every business operation across the world, and its influence is also felt in business practices such planning, process design, quality control, cost accounting, and ergonomics.
Scientific management theory seeks to improve an organization’s efficiency by systematically improving the efficiency of task completion by utilizing scientific, engineering, and mathematical analysis. The goal is to reduce waste, increase the process and methods of production, and create a just distribution of goods. This goal serves the common interests of employers, employees, and society.
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