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 ...

The four functions of management are planning, leading, organizing and controlling. Companies use various control mechanisms -- business plan, needs assessment, budgets, audits, pricing, ...

When I ask leaders and teams to concisely summarize their company’s management approach, the pause I get hangs in the air like a frisbee tossed on a windy day. No one seems to know which direction the ...

In my last article I pointed out possible downsides to consolidating control of original equipment manufacturer (OEM) purchasing into a corporate group. The message there wasn’t meant to be that ...

Management accounting is a critical discipline that provides internal stakeholders with financial and operational insights to support strategic decision‐making and effective control. Traditionally ...