Hans G. H. B. von Schmalenbach

Hans G. H. B. von Schmalenbach was a prominent German economist and business theorist known for his contributions to management and accounting in the early 20th century. He emphasized the importance of decision-making processes in business and introduced concepts such as cost accounting and pricing strategies. Schmalenbach's work laid the groundwork for modern management practices, advocating for the integration of economic theory into business operations. His ideas influenced various fields, including marketing and organizational theory, making him a significant figure in the development of business administration as an academic discipline.