Evening star., 1927-10-23
Prosperity Discussions.

The general topic of the Manage
ueut week programs TO be held this
week in lis cities in the United States
which have planned observances will
be Management Part in Maintain
ing Prosperity"
The series of forums will be Opened
tomorrow noon with an address by
Judge Theodore Risley, solicitor of the
Department of Labor. who will take
rs his special subject Labor and the
Part 1t Plays in Maintaining Pros
perity."
On the following day James
O'Shaughnessy, the executive secre-
tary of the American Association of
Advertising Agencies. will speak on
advertising and the Part II Plays
in Maintaining Prosperity" Wed
nesday. Chester -Leasure, associate
editor OF the Nations Business. will
speak on This Business of Getting
Together and the Part 1t Plays in
Maintaining Prosperity" Thursday
noon, DR.. A. J. LAMA, director of the
Metropolitan Life Insurance Co, will
take as his topic Health and Psy-
Geological Factors Entering Into En-
ployment and Their Part in Maintain
ing Prosperity"
William Gibbs McAdoo. former Sec
TeL3Ey VI lIIe treasury y VI AllO OhAlSA
States and now counsel to utility
corporations, will speak at the forum
Thursday, taking as his subject
Transportation and It's Part in Main
tanning Prosperity" and at the Fri
day forum Ray Hudson, chief Of the
division of simpiified practices of the
Department of Commerce, will speak
on "Simpliiled Practice, How 1t Can
Be Applied and Its Part in the Main
tanning of Prosperity"
Seen Management Aids.
American business has awakened to
the fact that national and local pros
perity. barring great wars and nat
ura1 catastrophes. can be determined
largely by the SKIN and wisdom with
which it's affairs are managed, II. ].
Odenthal, executive secretary of the
City Club, said last night in comment
ing on the movement.
with something approaching the
scientific method. American business
is learning to isolate and observe the
factors which have in them the po-
tentialities of disturbance. Business
leaders are finding out more about
the effect of each of those influences
on the general flow of business. More
over they are beginning to under
stand the underlying trends in .busl-
ness so that the problems of business
may be anticipated. II we build up
an interchange of ideas between the
ablest men in business and allied pro-
fessions, an organized body of knOwl-
edge on effectual policies and pro-
cedure. we should be able promptly
to overcome the problems and to ad'
just the affairs of business to the
trend of the times. 1t is through
the timeliness of these adjustments
that management should be able to
forestall extremes of depression"
AS the outgrowth of this movement
for scientific management, a new era
has come into business, the City Club
secretary says. In the place of the
old time owner management in siZ-
able enterprises, he sees a new man.
agerial group assuming charge with
fresh conceptions and new relations
to both capital and labor.
Group Functions Well.
This managerial group in business
has devised a tremendous mechanism
of production which functions most
profitably for all when kept in motion
continuously, 1t is explained. Manage
ment, therefore, Mr.. Odenthal con-
cludes, is of all things intent on pre-
serving a continuity of active business
and a steadiness in operation.
Considerable advance has been made
along these lines since management
week observances were inauSurated
in 1921. following a conference by
national business leaders, it is OBJ
served.
There is much more to be learned,
much more to be done in systematic
ally organizing that which business
does not know, so that such knowl-
edge can be put to use quickly mad
throughout the industries
when it is needed" Mr.. Odenthal says.
Management, however. is fast be-
coming better prepared to sense the
changing trend, to anticipate the re-
sulting problems and to apply the
necessary policies and methods so
quickly that. barring catastrophies,
the pronounced swings in business
activity which have been so disastrous
in the past may be largely avoided
IN the future"
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