Explore P.F. Drucker's management theory: decentralized leadership, management by objectives, knowledge worker and more foundational concepts.

A popular saying holds that "the difference between theory and practice is that in theory there is no difference." This witticism is especially relevant to management theory because many managers ...

The Theory X and Theory Y management styles were introduced by Douglas McGregor in his 1960 book, "The Human Side of Enterprise." He identified two distinct approaches to management and labeled them ...

Max Weber, a German sociologist, believed bureaucracy was the most efficient way to run both private businesses and public institutions. His ideas shaped how many businesses and government agencies ...