In the early 1900s, Henri Fayol developed a modern management theory that business leaders still use today. Fayol's theory was honed while he worked his way up the ladder to become the director of a ...

Henri Fayol was a French mining engineer who published General and Industrial Management, one of the first theories of management, in 1916. His work identified and explained 14 principles of ...

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 ...