Frederick Winslow Taylor, an American mechanical engineer, published his "Principles of Scientific Management" over 100 years ago in which he laid out Industrial-era organization and decision theory.

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 ...

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 ...