THE SCIENTIFIC APPRAISAL OF MANAGEMENT A STUDY OF THE BUSINESS PRACTICES OF WELL-MANAGED COMPANIES

328 Pages·2016·17.95 MB·English

by  JACKSON MARTINDELL

THE
SCIENTIFIC
APPRAISAL OF
MANAGEMENT
A STUDY OF
THE BUSINESS PRACTICES OF
WELL-MANAGED COMPANIES
BY
MARTINDELL
JACKSON
PRESIDENT, AMERICAN INSTITUTE OF MANAGEMENT
HARPER BROTHERS PUBLISHERS
if /
NEW YORK
THE SCIENTIFIC
APPRAISAL OF MANAGEMENT
COPYRIGHT, 1950, BY HARPER & BROTHERS
PRINTED IN THE UNITED STATES OF AMERICA
ALL RIGHTS IN THIS BOOK ARE RESERVED. NO PART OF THE BOOK MAY BE
REPRODUCED IN ANY MANNER WHATSOEVER WITHOUT WRITTEN PERMISSION
EXCEPT IN THE CASE OF BRIEF QUOTATIONS EMBODIED IN CRITICAL ARTICLES
AND REVIEWS. FOR INFORMATION- ADDRESS HARPER & BROTHERS
FIRST EDITION
A-Z
TABLE OF CONTENTS
PREFACE vi
I DEFINING THE GENERAL PROBLEM I
II MEASURING THE VALUE OF THE BOARD II
III THE INSIDE BOARD VERSUS THE
OUTSIDE BOARD 26
IV ANALYZING THE CORPORATE STRUCTURE 42
V APPRAISING THE PRODUCTDIVISION
ORGANIZATION 53
VI FINANCIAL ADMINISTRATION AS A
MEASURE OF MANAGEMENT 70
VII UNITY OF COMMAND 102
VIII CONVERTIBLE BONDS AND CONVERTIBLE PRE-
FERRED STOCKS AS AN INDEX OF MANAGE-
MENT
121
IX DIVIDEND POLICY AND MANAGERIAL CAPACITY 136
X LIQUID ASSETS, PLANT, AND INVENTORIES 151
XI PRODUCTION 162
XII RESEARCH 200
XIII SALES MANAGEMENT 238
XIV THE PRINCIPLES OF EXCELLENT MANAGEMENT 267
APPENDIX
279
INDEX
295