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Daniel A. (Dan) Wren (born January 8, 1932) is an American business theorist and Emeritus Professor at the University of Oklahoma, especially known for his 1972 book coauthored with Arthur G. Bedeian, entitled "The evolution of management thought."
Peter Ferdinand Drucker (/ ˈ d r ʌ k ər /; German:; November 19, 1909 – November 11, 2005) was an Austrian American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of modern management theory.
Management and business leadership as a profession arose during the industrial revolution with the advent of businesses much too large to be managed by a single entrepreneur. [1] With this profession a formal interest developed in labor relations, motivation of a work force, and efficiency in production.
The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day. This field encompasses many disparate schools of economic thought.
This article outlines the evolution of management systems. A management system is the framework of processes and procedures used to ensure that an organization can fulfill all tasks required to achieve its objectives. After World War II, the reigning paradigm of product-oriented mass production had reached its peak.
However, both thought processes must work hand-in-hand in order to reap maximum benefit. [6] It has been argued that the real heart of strategy is the 'strategist'; and for a better strategy execution requires a strategic thinker who can discover novel, imaginative strategies which can re-write the rules of the competitive game; and set in ...