The most important persons in the management science: literature review

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.