ABSTRACT

This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book suggests that the most important determinant of a firm's potential for growth and improved efficiency is the ability of its management to learn about its environment and systematically adapt their policies to take advantage of it. The implementation of such policies depends on management: the ability of a firm is determined by its managers. At the same time, the task of capable managers can be made easier by the right sort of external services and assistance. Industrial boards with enough resources to visit individual firms can be of considerable value in disseminating the relevant information and advice about modern techniques. The councils, in close co-operation with the Government statistical services, would facilitate both the dissemination and the collection of statistics and forecasts.