Excerpt from The Administration of Industrial Enterprises: With Special Reference, to Factory Practice
The purpose of this work is to present what may be called first-class practice in the administration of industrial enterprises. The manufacturing industry is the one which has been held in mind chiefly.
The major topics, in order of their presentation, are, first the problem of equipment, second, the formation of an administrative organization, third, the adjustment of the relations of labor and capital and, fourth, the process of mercantile distribution.
In discussing physical equipment it has been necessary to skirt the borders of a vast field of technical knowledge, choosing such matter as the general executive should possess in his attempt to supervise the work of technical experts.
With reference to administrative organization, the aim has been to bring the contributions of scientific management into relation with the general body of underlying principles of administration which are valid for all forms of joint action; and to do so by sketching the evolution of administrative practice rather than by a systematic review of pure principles.
The relations of labor and capital have been handled with two leading purposes in mind, namely, to present the labor problem from the viewpoint of the employing manager and, second, to elaborate somewhat the meaning of the new philanthropy which aims to bring to the less favored classes a fuller measure of the rational objects of life, through the organized and normal processes of industry, rather than through extra-economic alleviative agencies.
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