Effective management accounting practices can improve decision-making in organizations, which need sound fundamentals but also speed when trying to decide which strategic paths to follow. In short, ...

Learn how Henri Fayol’s management theory shaped administrative principles still used by modern businesses. Explore all 14 ...

There's a common saying in business that something well-planned is half done. Planning in business management is absolutely critical to the proper functioning of an organization. Business owners and ...

A business is the composite of its organizational structure, functional design and process workflow. You can think of the three as the legs of a stool. If the legs of a stool are not in perfect ...

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 ...

Author Dr. R. Russell Rhinehart discusses his new book, Nonlinear Model-Based Control: Using First-Principles Models in Process Control, and explains why nonlinear first-principles models should be ...

The principles of lean manufacturing have proven their effectiveness across various industries, and the project management domain is no exception. The integration of lean principles into project ...

Equipment management is a complex and difficult task that affects almost every aspect of a company’s operations. The skills required vary from the master mechanic to the finance specialist and ...

Change management is among the most complex and challenging processes Global 2000 organizations face. Indeed, many IT service quality problems can be linked directly to poor change-management ...

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 ...

This article is written by the Chartered Institute of Supply Chain Management – Ghana (CISCM), of which I am an Eminent Member and Subject Matter Expert on Innovations & Business Development. The Core ...