Learn how Henri Fayol’s management theory shaped administrative principles still used by modern businesses. Explore all 14 ...

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, ...

Leadership and management practices include more than just knowing how to delegate work assignments. Supervisors and managers must demonstrate skillful use of their people-management skills to keep ...

Frederick W. Taylor – widely regarded as the founder of scientific management – revolutionized how businesses operate by introducing time-motion studies, standardized processes and incentive-based ...

At Case Western Reserve University, adherence to four fundamental cost principles ensures fiscal responsibility and compliance across sponsored projects. These principles, including allowability, ...

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 ...

Running a successful petroleum operation requires a blend of technology, business savvy, and people skills. If you already have a firm grasp of exploration or production technology, learn to amplify ...

A version of this article appeared in the Autumn 2016 issue of strategy+business. Most companies have leaders with the strong operational skills needed to maintain the status quo. But they face a ...