Schmalenbach's work on Business Economics

Schmalenbach’s work on Business Economics focused on understanding how companies operate within their economic environment. He emphasized the importance of integrating financial, organizational, and market factors to improve business management. His approach highlighted the interconnectedness of different business functions and the need for a systematic, disciplined way of analyzing and controlling business activities. By applying economic principles to corporate management, Schmalenbach aimed to enhance efficiency, decision-making, and overall business performance, laying the groundwork for modern business administration practices.