ABSTRACT
The generality of American management is nearer the best than is the generality of British management near its best. In communist and capitalist countries, in Oriental as in Western lands, there are now two identical trends: first, increasingly to industrialize and mechanize; and secondly, to form fewer and bigger productive units whether they are owned by the State or by private persons. Modern industrial management is both an art and a science; it partakes of a science in its concern with machinery and technique and of an art in its concern with human beings. Management is, by any European standard, extremely handsomely rewarded in America. Every perceptive European visitor to America perceives that, in a society lacking Europe's aristocratic and medieval distinctions, the captain of industry is a hero-type for adult men and women. The right order of reasoning seems to be that the industrial leader in America took over the role of the pioneer.
