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 ...

Rebecca McClay has 10+ years of experience writing and editing content. Rebecca is an expert in personal finance, business, and financial markets. She received her master's in business journalism from ...

Joseph Juran was a pioneer in the study of quality control for industries like math and science. Learn how to apply his ...

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

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 ...

The evolution of industries and technology over the past century has been momentous. We could never have imagined the way our lives would look now back in the early 1900s. However, the ideas and ...

Business owners and company leaders should always strive to optimize their organizational environments. By encouraging a positive outlook, demonstrating persistence and empowering their workforce ...

The advent of Artificial Intelligence in the corporate world is disrupting existing business processes and changing the way organizations are run. AI is fast becoming a cornerstone of how businesses ...

Sixty years ago, social psychologist Douglas McGregor developed two different theories — Theory X and Theory Y — about how managers perceive employees. Theory X managers are authoritarian. They ...