Principles of Scientific management are:
(a) Science, not Rule of thumb: He believes that there was only one best method to maximize efficiency i.e scientific management. It increases production by reducing the efforts of employees. It includes scientific selection of workers, placement and training, gradation of machinery etc.
(b) Harmony, not discord: There should be harmonious relationship between management and workers. They should transfer their thoughts in order to achieve good relationship.
(c) Cooperation, not individualism: There should be a complete cooperation between the labour and management instead of individualism. To achieve this, management has to receive suggestions from the employees and they should be rewarded for their good, work which results in cost reduction.
(d) Development of each and every person to their greatest efficiency and prosperity: According to Taylor, efficiency could be achieved from the beginning of employees selection. Each person should be scientifically selected and training should be given. This will help in bringing out a Worker’s efficiency.
(e) Optimum production: Scientific management involves increase in production. Taylor opposed the inefficiency of workers and reducing production. He favored large scale production.
