USAGE OF MANAGEMENT PRINCIPLES IN MACHINE AND IT INDUSTRY AND THEIR CORRELATION
USAGE OF MANAGEMENT PRINCIPLES IN MACHINE AND IT INDUSTRY AND THEIR CORRELATION

Summary/Abstract: Certainly, in recent times, various management principles have been introduced across different fields. Management, regarded as a social science focusing on organization and administration, is broadly utilized across various sectors. Similarly, every domain has its unique management principles implemented in daily operations. However, these principles share common foundations, adapted to suit their specific intended purposes. This thesis elaborates management principles that are actively used in the machine and IT industry. These two industries are also complementary and use a combination of the same or similar principles with both industries. Similarity of management principles in both industries was determined, research was done on their real practical usage, as well as correlation between them.

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