Last week I attended a two-day training session on the fundamentals of project management. I had been looking forward to the opportunity as a chance to help me be more effective at my current That’s ...

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 ...

Henri Fayol’s management theory – the foundation of administrative management – offers a timeless framework of 14 principles that continue to shape business leadership today. This foundational model ...

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 ...

The differences between Unity of Command and Unity of Direction are as follows: One subordinate should receive orders from and should be responsible to only one superior. Each group of activities ...

The principles of 'lean management' have permeated many sectors of today's business world, secondary to the success of the Toyota Production System. This management method enables workers to eliminate ...

GS Group Chairman Huh Chang-soo demanded unit CEOs be more faithful to basic management principles, stressing a strong fundamental ability always reveals the right path to overcome challenges, ...

Editor's Note: This article has been updated on March 13, 2024 to include new data and information. The original content was authored by Tom Regan. The more businesses understand their customers — ...