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 ...

Operating a business often means you must make the most of limited resources. It also means that managers serve a critical role in realizing business success. Managers must wear many hats and possess ...

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