Contingency management theory says there’s no one-size-fits-all approach — leaders must adapt strategies based on people, tasks and the environment.

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

Peter Drucker is world-renowned for his innovative thinking in the ways of business management. His work turned management theory into a serious discipline among sociologists and he participated in ...