Advantage of Scientific Management Theory: 1. Increase in production: Scientific
management has been responsible for steady improvements in business operations like
increase production. 2. Decrease inaccuracy: it helps to decrease inaccuracy 3. Benefits of
management and works 4. Decrease autocracy: it helps to decrease autocracy 5. Piecework
pay system: Payment depended on piecework basis which taken as an incentive to
maximize productivity and produce high wages for the workers. 6. Instant decision
making: it helps to making decision instantly. 7. Early working method and control:
scientific management involves developing a management methodology, selecting and
training employees, and supervising them closely. Demerits of Scientific Management
Theory 1. Investment of huge capital: Scientific management is a costly system and a
huge investment is required in establishment of planning dept., standardization, work
study, training of workers. 2. Probability of financial loss: lots of change to financial loss.
3. Increasing the planning cost: Scientific management is a costly system and a huge
investment is required in establishment of planning dept., standardization, work study,
training of workers than others management systems. 4. Lack of flexibility: 5.
Monotonous: Due to excessive specialization the workers are not able to take initiative on
their own. 6. Fraud: There is chance to fraud activities 7. Non democracy: there is
weakening of trade union as everything is fixed & predetermined by management. 8.