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The Iron Age 1931-09-24: Vol 128 Iss 13

1931 Reed Business Information US

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.. THE IRON AGE... NEW YORK, SEPTEMBER 24, 1931 STABLISHED 1855 VOL. 128, No. 13 oC WHAT INDUSTRIAL MANAGEMENT HAS LEARNED IN THE LAST TWO YEARS By RALPH E. FLANDERS Manager, Jones & Lamson Machine Co Springfield, Vt RALPH E. FLANDERS a 2A on depression has stimulated hard thinking. It has brought out an ever swelling flood of proposed remedies, many of which are mere panaceas with no appeal to sober business judgment. The ensuing analysis by Ralph E. Flanders, Jones & Lamson Machine Co., is a penetrating study of the problems of adversity from the practical viewpoint of management. It emphasizes particularly the impossibility of an individualistic policy in an economic world in which each man’s fortune is inextricably tied up with his neighbor's. “The individual manufacturer,’ says Mr. Planders, ‘has been accustomed to think of the maximum output at the height of prosperity as representing the opportunity to cash in on the ‘velvet’, but since for one reason or another this maximum production seems inevitably to be met by the failure of consumer purchasing power, that velvet begins to have a shoddy look.” : JOD business practice requires that the torn ncreases ll! everity. The last…

Citation

The Iron Age 1931-09-24: Vol 128 Iss 13. Reed Business Information US. 1931.