The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-12-20
Common Sense of Mine MANAGEMENT


II is a truism dangerously close to a
bromide to say that never in our coun-
trv's history was there a time when
tho need for efficiency of effort and
the necessity for conservation of time
and material were so impeling as now.
All must by this time appreciate the
reed for the highest degree of person.
al effort and community cooperation,
hut when, in desire to do his bit"
one tries to lend hand in his partic,
Mar field he seems fairly to be CROP
ing in the dark and to be accomplish
ing nothing more than before this ur-
geney existed. When one was doing
all that he possibly could, now that
conditions require added effort it is not
apparent just how exertion may he in
tensifed and the results increased.
Management Prime Factor in Indus
try.
The proper direction Of business
its management--is the most import
ant factor in any industry If this one
factor can be stimulated through con-
scious excitation of the mental quail
ties which go to make up the success
full manager, the whole business must
necessarily respond to the spur. The
importance of effective management
can not we'll be overestimated This is
not a theoretical statement but is in
tensely and essentially practcal--how
much so can be realized from the two
quotations following, from competent
authorities on the subject. Nothing
could be more matter fact nor have
more direct bearing on our dayto-
day problems than the Monthly Bull
letin issued by the National City bank
of New York. In the July number
there appears this comment on en-
dustrial Efficiency"
"a well known engineer who is an
expert in industrial practice has re-
Gently gone on record with the opinion
that the Industries Of the United States
on an average are not realizing over
20 per cent of their possible capacity.
He says that we have scarce
ly begun to appreciate the gains that
are possible under more effective or
ganization."
II the country is not getting more
than 20 per cent effective results out of
possible capacities, who or what is re-
sponsible for the loss of the so per
cent? On this point A. j. Hemphill,
chairman of the board of the Guaran-
ty Trust company one of the largest
trust companies in the world, throws a
high power spot light when he says in
the July issue of the Worlds Work.
SIN considering employment of funds
in any concern, the greatest emphasis
should be placed on the ability of the
management would say that the
most important consideration in any
investment is management manage
ment, management and again manage
ment. It is not enough to know that
it is honest it's ability in that particu-
lar business should be established.
Ninety-fve per cent of the worth of
an undertaking, | should say, is the
management"
These statements indicate the source
of large part of the troubles and in
effective results encumbering modern
business If 95 per cent of the worth
of an undertaking lies in the ability
and effectiveness of it's management,
and If only 20 per cent efficiency is the
measure of present possibilities, then
of the lost so per cent Of effective re-
suits it is fair to attribute rs per cent
to inefficient management So man.
agement looms up as an important and
indispensable factor.
Imagination, Judgment and Initiative
Essential.
Is it possible to take up any part OF
the slack in this business tackle? Are
there any general principles of success
fun management sthat may be applied
and amplifed by executives through
self -analysis and intensive training?
Probably no ready-made formulas ex-
ist for success in business as each
-