Oeconomia

Administrative management is classical management theory developed by the French mining engineer Henri Fayol (1841-1923) in his book “Industrial and general administration ” published in 1916.Fayol suggested 14 principles that focus on the administrative side of management.This theory generally calls for a formalized administrative structure.For Fayol, who was trying to find a rational way to design an organization … Continue reading The principles of administrative management. | Henri Fayol.

During the 19th century, the world was witnessing an industrial revolution which shifted agrian and artisanal societies towards towards commercial and industrial societies and established new manufacturing processes. This resulted in an increasing pace of industry,  large groups of people working together, people working alongside machinery and companies started looking for more effective ways to … Continue reading Classical Management Theory.

The Austrian psychologist Fred Edward Fiedler (1922- 2017), one of the leading researchers in the industrial and organizational psychology, was behind one of the most remarkable management and leadership theories in the 20th century: The contingency management theory. According Fiedler’s contingency management theory, there is no one best way to structure a corporation and lead … Continue reading Fiedler’s contingency management theory.