The model stock plan

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Monograph

Identifikator:: 1784950556

URN:: urn:nbn:de:zbw-retromon-170296

Document type:: Monograph

Author:: Syrup, Friedrich http://d-nb.info/gnd/130044288

Title:: Regelung des Arbeitsschutzes insbesondere der Arbeitszeit nach den zur Zeit gültigen Gesetzen und Verordnungen (nebst Ausführungsanweisungen) und dem Entwurf des Arbeitsschutzgesetzes (in der vom Reichsrat beschlossenen Fassung)

Place of publication:: Berlin

Publisher:: Verlag von Reimar Hobbing

Year of publication:: 1928

Scope:: 224 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Teil C. Die übrigen (außerhalb des Rahmens der Arbeitszeitverordnung und der Gewerbeordnung) ergangenen Gesetze und Verordnungen

Collection:: Economics Books

THE MODEL STOCK PLAN those intended to make money from financing instead of from merchandising. Everything of value that this book can give us is based on the fact, long accepted by leaders of business, that the most dependable source of profit is helpful service to the public. If a business method can eliminate wastes, reduce costs, and otherwise make the consumer’s dollar buy him more or better goods, it will at the same time increase total profits for the business that employs it. The Model Stock Plan is designed to operate in exactly this fashion. Skilfully employed in a store, it makes more money for the store. At the same time it saves money for the consumer, makes more money for the manufacturer, and any other resources that regularly work with the store where it is in use. Consider the burden of non-selling help common in retail- ing; for instance, in the ordinary department store only one employee out of three works at selling. Moreover, not more than half of that employee’s time is taken up in actually selling. If we do not appreciate the possibilities of improving this showing and something of the merchandising principles that make improvement possible, let us walk through any good-sized, modern, Woolworth store and look it over. Here we shall see how unbelievably much value can be provided for a nickel or a dime and how busy all the salespeople are practically all of the time. The principles explained in this book are exactly those that Woolworth’s applies to make low prices and high total profits. So are the methods, in essence. Woolworths L In another place I have tried to formulate what seems to me the basis of a simple code of business ethics. I included two points, as follows: “1. A business, in order to have the right to succeed, must be of real service to the community. 2. Real service in business consists in making or selling mer- zchandise of reliable quality for the lowest practically possible price, provided that merchandise is made and sold under just conditions.” It strikes me that many business men have yet to learn the lesson so strikingly demon- strated by Ford and Chevrolet, that low prices, large sales, and a large total profit, under proper management, go together. (See the Annals of the American Academy of Political and Social Science, vol. CI, May, 1022.)

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