Word: departmentalizing
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Dates: during 1920-1929
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The purchasing department has been developed during the last dozen years, due primarily to four things. First, the desirability of getting under one head all the various and sometimes competing functions which have to do with the assembling of materials either for use in process or for consumption incidental to...
If we are to define production as making things to sell, and selling as getting rid of the goods, we can define the financial end of business as finding where the profit is; and it is in the treasurer's department that most businesses are made or broken. A friend...
"There are only two things in business that count; one is cost and the other is sales. If your sales are ahead of your costs you are making money, if your costs are ahead of your sales, you are losing money, you are in the red, and somebody will get...
The chief requirements for such work are care, accuracy, intelligence, and attention to detail. Perhaps this might all be covered by the term "commercial honesty." First, ability to see the facts; second, to draw intelligent conclusions without any blatantly blind optimism, and finally, to make intelligent recommendations based on the...
Havana will be the destination the Naval Science cruise this summer, it was officially announced by Captain W. R. Van Auken, U. S. N., in a lecture at the Old Fogg yesterday to students in the department. Captain Van Auken, who is attached to the Bureanu of Navigation in Washington...