ABSTRACT
T he principles that have been given are universal — or, at least, we think so. And we have applied them through all our industries without finding it necessary to make any
changes. However, there is always the feeling that since our industries are today comparatively large, they were always large, and that what we do is peculiar to large industry. In a way, that is true, but it is largely a question of scale. Our principles remain the same to be specific:
I have been asked: “ How would you apply your theories of business if, instead of having a large plant making automobiles and tractors, you had but a small shop, employing twenty-five men, which manufactured nothing that had to do with automo tives? Or what would you do if you were in the retail business with a store doing, say, one hundred thousand dollars a year?
