Industry's Coming of AgeStudies the increase in industrial productivity in the United states, suggesting theories to account for the increase, its general and technical causes, barriers to productivity, how to improve industrial productivity for the future. |
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achieve advance American associationism automobile Betterments Installed Business Cycles carried causes census cent coal Company and Product complete Conservatism consumers coöperation coördination craft unions difficult discover discussion duction dustry economic efficiency eight-hour day employees engineers equipment executive F. J. Schlink fact factory favorable Federal Reserve System function furnish gains greater happen ical idea important Improvement Desired IMPROVEMENT IN MANUFACTURING income increased productivity industrial revolution industry instance intelligence interest inventions J. M. Keynes journals labor less living machines MANUFACTURING OPERATION-Continued Company materials ment modern movement ness operations organization output planning plant possible practice present problem profits progress rapidly reduced Reduction in cost Results of Improvement Savings scientific management seems social standard Stuart Chase TABLE OF 100 Taylor Society technical technique things time-and-motion study tion trade United whole women workers
Popular passages
Page 85 - There can be no recovery in Europe till politicians in all territories, old and new, realize that trade is not war but a process of exchange, that in time of peace our neighbors are our customers, and that their prosperity is a condition of our own well-being.
Page 232 - A point arrives in the growth of a big institution - particularly a big railway or big public utility enterprise, but also a big bank or a big insurance company - at which the owners of the capital, ie the shareholders, are almost entirely dissociated from the management, with the result that the direct personal interest of the latter in the making of great profit becomes quite secondary.
Page 11 - Under the pressure of high wages we have ruthlessly revised our industry with every new invention. Beyond this there is great and cooperative movement in American industry and commerce for cutting: out waste in a thousand directions through improved business practice, through simplification of processes and methods. Furthermore, we have had a great advantage, which we must not deny, in that by volume production, made • possible through a great domestic market, we have been able by repetitive processes...
Page 40 - A FACTORY SHOULD BEAR THE SAME RATIO TO THE INDIRECT EXPENSE NECESSARY TO RUN THE FACTORY AT NORMAL CAPACITY, AS THE OUTPUT IN QUESTION BEARS TO THE NORMAL OUTPUT OF THE FACTORY.
Page 35 - Europe, high wages do not necessarily mean a high level of prices. It is to the advantage of the community that the policy of industrial management should be directed towards raising wages and reducing prices.
Page 81 - ... those materials which are destined to enter into the desired assortments of consumption goods. This suggests, then, that the kind of a pattern which would give the greatest economic efficiency under the assumptions stated is one which makes maximum use of territorial specialization within the limits set by the available means of transportation.
Page 31 - Now, among the various methods and implements used in each element of each trade there is always one method and one implement which is quicker and better than any of the rest. And this one best method and best implement can only be discovered or developed through a scientific study and analysis of all of the methods and implements in use, together with accurate, minute, motion and time study.
Page 81 - To them location is of interest both in its effects upon production and in its effects upon consumption. A study of possible sources of raw materials and the transportation problem involved in concentrating them at various points would reveal the potential urban sites. Such sites must meet certain requirements of climate, but climate, after all is a matter of fairly broad zones. Within those zones transportation advantages would be, it is believed, the chief determining...
Page 34 - It is more advantageous to increase total profits by reducing prices to the consumer, at the same time maintaining or improving quality, with a consequent increase in the volume of sales, than by attempting to maintain or raise prices.
Page 2 - There is taking place in the United States today a new industrial revolution which may far exceed in economic importance that older industrial revolution ushered in by the series of mechanical inventions which occurred in England in the last quarter of the eighteenth century, and which eventually transformed English industrial, political and social life. Many people today are aware of the fact that great improvements in machinery, processes, management, and output are taking place; but, except for...