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Fayol (1916) in the The Principles of Scientific Management summarizes that Management is done by careful forecasting and planning , organizing, commanding , coordinating and controlling. While similarly, Mintzberg (1973) also concurred that managers mainly also plan, organises, coordinates and controls, while also added 3 classification, interpersonal, informational and decisional. As the authority of modern psychology, Lewin (1946) said "Nothing is as practical as a good theory". Certainly, a sound knowledge of management theories can certainly help managers make more calculated decisions, but growing and developing the human capital may be time consuming...
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