ABSTRACT

IN THE preceding chapter the function of management has been described as that of maintaining the social system of the industrial plant in a state of equilibrium such that both the external and internal purposes of the enterprise are realized. In order to carry out this responsibility management makes use of various specialists-the engineer, the accountant, the chemist, etc.—each of whom has a formally defined place in the total system and contributes what he can within the limits of his specialty. The administrator synthesizes the reports of these different staff specialists, and this synthesis together with the “understanding” the administrator has of the situation continually determines his decisions.