economics of efficiency

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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III Management And The Plant The problem of increasing efficiency is essentially a problem of the management. An attempt to reduce management to a compact body of fixed rules The founda. and principles common to all enterprises tion of ef- would be foolhardy, yet there are certain es- ficientman- tablished and well-defined laws and principles agement- which are of great value as aids in determining the organization of any particular business enterprise. It was only a few years ago, that business men ridiculed the idea of using in business anything that was taken from the writings of others. It was not denied that knowledge of management would be of great value, but it was believed that one could learn to manage only by going out and watching others manage. Recently, it was discovered that good management is founded on laws, practices, and methods which may be expressed in simple language, and that their study is of great assistance to business men in making their management more efficient. The foundation of management is efficient organization. Organization consists of individuals, and the object is to unite these into a body working e T-. j. i ij Organiza- for a common purpose. Extreme care should tion. its be taken in the selection of men, and their meaning assignment to tasks for which they are es- an™e pecially adapted and properly trained. The duties of all should be carefully defined, so that no friction will arise through a misunderstanding in givingor in obeying orders. The efficiency of an organization depends upon the fact that each part of the business enterprise is placed under the control of a person well qualified to perform the duties in the best possible manner. An organization to be efficient should look after and take care of the men who co...
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