For new supervisors or managers, the standard PLOC (planning, leading, organizing, controlling) framework is still useful in preparing for their new role. Of these four basic functions however, ...

In 1916, a French coal mine director named Henri Fayol wrote a book entitled "Administration Industrielle et Generale," which set forth five distinct functions of managing that Fayol insisted were ...

Every day, managers are tasked with leading and inspiring the people who work under them. This includes planning for team success, and fulfilling what it takes run a business. Five key functions are ...

When I ask leaders and teams to concisely summarize their company’s management approach, the pause I get hangs in the air like a frisbee tossed on a windy day. No one seems to know which direction the ...

Management accounting is a critical discipline that provides internal stakeholders with financial and operational insights to support strategic decision‐making and effective control. Traditionally ...