The document discusses method study, which aims to improve work processes and reduce costs. It describes the objectives and typical procedure of method study, which includes selecting a job to study, recording details, examining the method critically, developing an improved method, installing it, and maintaining the new standard. The document also explains micro-motion study and memo-motion study as techniques for recording and analyzing activities in detail or at a macro level to identify unnecessary motions and establish more efficient methods. The key difference is that micro-motion studies operations at a finer level of detail using filmed footage, while memo-motion uses time-lapse photography to study overall processes.