Scientific management is a theory of management that aims to improve economic efficiency, especially labor productivity. The primary goal of scientific management is to increase efficiency by reducing the amount of time needed to perform tasks. Other objectives of scientific management include:

• Achieving higher production and acceleration in the rate of productivity by the use of standardized tools, equipment, and methods.
• Betterment in the quality of the products by research, quality control, and effective inspection.
• Decreasing the cost of production by systematic planning, regulation, and cost control techniques.
• Enhancing production and productivity, decreasing the cost of production, and maximizing prosperity both for employer and employees having common interests.
• Improving equipment, tools, and materials, working conditions, and methods of working.
• Revolutionizing and improving layout, routine, scheduling, nomenclature, purchasing, store-keeping, and accounting.

Scientific management also emphasizes the importance of human capital to maximize the advantage to both the management and the workers. It calls for the discarding of old techniques and the adoption of new and modern techniques, with the aim of improving the efficiency of employees. The approach of scientific management completely revolutionizes and improves layout, routine, scheduling, nomenclature, purchasing, store-keeping, and accounting.