Publisher's Synopsis
Excerpt from Experiments in Industrial Organization
With this frame of mind we cannot but feel a certain sympathy. In businesses managed by a single proprietor, it is often true that the worry of getting trade, on top of the other worry of looking after the plant, is so harassing and engrossing, that the employer has simply no energy to spare for anything else. But as the undertaking increases in scale, it ceases to be possible to keep everything under one man's guidance and with specialization of responsi bility, if not before, comes an Opportunity to take stock of the situation. And what the business world is now realizing is that, whether they desire it or no, the labour side of a big industrial concern calls for a large and con tinuous expenditure of brain power on the part of somebody. It cannot be left to subordinates it must be made the main concern of one of the heads of the business; and even then, there will be large questions of policy which will need to be anxiously and laboriously considered by the whole board.
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