“I thought that was OK because it didn’t say I couldn’t do that in the SOP.” Have you ever heard that from one of your crewmembers when you confronted them for making a mistake or bad judgment call?

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, ...

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 ...

Widely regarded as one of the most influential management experts in the early days of classical management theory, Mary Parker Follett developed foundational concepts that redefine how organizations ...

Scrum is a project management methodology that can be used to organize teams during project planning and delivery, in which projects are split into smaller groups of tasks typically completed by teams ...

Critical path management is a method for identifying, scheduling and dealing with tasks that directly affect a project's end date. Unlike project tasks that have some degree of float, critical path ...

A disturbing trend is on the rise for people who serve in a management capacity in healthcare. It hit me when I read Overcoming the Peter Principle, by Andrea Ovans (2014). The Peter Principle is ...

A version of this article appeared in the Autumn 2016 issue of strategy+business. Most companies have leaders with the strong operational skills needed to maintain the status quo. But they face a ...

CBSE Principles Of Management Class 12 Mind Map: Students can find mind maps for CBSE Class 12 Business Studies Chapter 2, Principles of Management, here. A PDF download link has also been attached at ...