Over four decades of leading teams in Fortune 500 companies and entrepreneurial ventures, I’ve seen these five principles ...

What's the logic behind popular management theories? Discover the pros and cons of these theories in our detailed guide.

Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, ...

In 1916, a French coal mine director named Henri Fayol wrote a book entitled "Administration Industrielle et Generale," which set forth five distinct functions of managing that Fayol insisted were ...

Rather than a specific management tool or process, Total Quality Management (TQM) is an approach that small business owners or managers hold in running their company. They focus on quality and price ...

Frederick Taylor's scientific management theory uses time-motion studies and four key principles to improve workplace ...

This represents a waterfall type of approach to project planning, where one phase flows into the other. It works well for certain industries such as construction and manufacturing, but it is less ...