Good managers need long experience. In search for a shortcut to success one should read this book. This textbook includes the most important management methods and tools. The author does not restrict himself to describing the scientific methods but also shows how to apply them to real-life situations. The management tools he introduces have been successfully tested during 20 years of experience. The various methods are described and analyzed in detail, and many examples illustrate their application. Thus, the textbook gives a fundamental and comprehensive insight into the practice of successful management. It is clearly structured and provides essential in-depth knowledge for students as well as for managers and consultants. This book is useful for students and lecturers of business management at universities, colleges, academies and other institutions. It is essential for people from science or engineering on their way to management. Managers, consultants and leaders in the field of industry, trade and banking business will also find valuable information. Professor Dr. Michael Grabinski is professor for business administration at the University of Applied Sciences Neu-Ulm, independent management consultant, and chairman of the board of BITE AG, Filderstadt.