A popular saying holds that "the difference between theory and practice is that in theory there is no difference." This witticism is especially relevant to management theory because many managers ...

Max Weber, a German sociologist, argued that bureaucracy was the most efficient model for private businesses and public offices. His theories influenced generations of business leaders and politicians ...

Elton Mayo's management theory states employees are motivated by attention and camaraderie rather than compensation, based on ...

Whether they are motivating employees, making decisions, allocating resources or negotiating deals, managers are vital for business. Managers have been an integral factor for business success since ...

This guide to Peter Drucker's management theory explains its basic concept and how to apply it to your small business. Peter Drucker was an influential Austrian-American author, mentor and consultant ...

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 ...

A salient fact about management is the lack of clarity as to what it is. The monumental quantity of writing on the topic is vitiated by the lack of agreement as to what is being discussed. The ...