The most important persons in the management science: literature review


  • Viktoriya I. Borshch Одеський національний університет імені І. І. Мечникова
  • V. V. Huz


Ключові слова:

management, management by objectives (MBO), Henri Fayol, Michael Porter, 14 principles, books, researches, competition


This article provides a deep research about the most known gurus of management: Henri Fayol, who invented the basic 14 Principles of Management, Michael Porter and his competition concept, at last Peter Drucker, the inventor of MBO system. Nowadays society is still using Fayol’s Porter’s and Drucker’s discoveries.

Research subject of this article is knowledge from the management founders. The objective of the article is to determine the main issues, which they tried to explain and solve. There were researched different sides of management: competitors, functions, methods and etc, but all of them are very important, because they cannot exist without each other.

For achieving the stated objective such general and special scientific methods were used as, systemic, morphological, structural and logical analysis, formalization, and analogy, comparative and integrative methods.

In the article the main features of scientific approaches of these management founders are given, ant the main critique is viewed. As a result, the main achievements were explained.

Біографія автора

Viktoriya I. Borshch, Одеський національний університет імені І. І. Мечникова

PhD in Economics, senior lecturer of Economics and Management Department


Beatty, J. (1998).The world according to Peter Drucker. Broadway.

Drucker, P. F. (1998). Peter Drucker on the profession of management. Harvard Business Press.

Greenwood, R. C. (1981). Management by objectives : As developed by Peter Drucker. Academy of Management Review, Vol. 6, No 2, pp. 225-230.

Waring, S. P. (1992). Peter Drucker, MBO, and the corporatist critique of scientific management. A mental revolution : Scientific management since Taylor, Vol. 205, pp. 236.

Porter, M. E. (1996). What is strategy? Harvard business Review. Retrieved from :

Porter, M. E. & Millar, V. E. (1985). How information gives you competitive advantage. Harvard Business Review.

Kramer, M. (2006). Strategy and society : The link between competitive advantage and corporate social responsibility. Harvard Business Review.

Macmillan, C. (1998). Competitive advantage : creating and sustaining superior performance. 2nd edit. New York and London : Free Press.

Sasaki, T. (1995). Henri Fayol’s family relationships. Journal of Management History, Vol. 1, No 3, pp. 13-20.

Golden Pryor, M. & Taneja S. (2010). Henri Fayol, practitioner and theoretician-revered and reviled. Journal of Management History, Vol. 16, No 4, pp. 489-503.

Shafritz, J. M., Ott, J. S. & Jang Y. S. (2015). Classics of organization theory. Cengage Learning

Recklies, D. (2015). Porters Five Forces – content, application, and critique. Retrieved from :

Henry Fayol : gangplank and criticism. Retrieved from :