Word: amp
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Dates: during 1950-1959
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...must weed out a few applications in order to reach a class size of one hundred and fifty. Working on a concept of "the best class possible," the committee divides applicants according to their function within a corporation, the size of the comany and geographical location. This fall's AMP class has 130 Companies represented (43 of them participating for the first time), 30 states, and 18 foreign countries. The average age of participating executives is 43.9 years...
Before an executive comes, the company involved agrees to pay his expenses and salary for the time elapsed. With tuition $1750, room $285-300, board $700, and travel, entertainment and salary added to that; sending a man to the AMP program costs a firm about $5000. It must also pay a replacement during the executive's absence. "But it is a double training program in a sense," says William P. Gormbly, Director of the AMP program, "because a company is training the replacement for a responsible position at the same time its man is participating in the AMP program...
...AMPs' educational back-grounds vary tremendously. About twenty-five or thirty in each class have had engineering training. Others have bachelor degrees and some business education. For a few, it has been a matter of high school and night school courses afterwards. "But it's hard to judge which ones haven't been to college," one AMP declared...
...courses, the AMP is expected to have enough factual knowledge to be able to begin working on actual cases right from the start. Each AMP studies Business Policy, Administrative Practices, Business and the World Society, Cost and Financial Administration, Marketing Administration, and Problems in Labor Relations...
Usually, the AMP knows a great deal about one area and little about the others, and in order to be promoted he must be familiar with all. "I lean toward production," said...