Hans von Schmalenbach (business theorist)

Hans von Schmalenbach was a German business theorist known for his work on management accounting and corporate finance. He emphasized the importance of accurate cost measurement and financial control in decision-making, advocating for integrated management systems that align financial data with strategic goals. Schmalenbach believed that effective financial management requires transparent data collection and analysis to support planning, control, and performance evaluation. His contributions helped shape modern accounting practices, emphasizing the need for systematic approaches to financial information to improve corporate efficiency and competitiveness.