The model stock plan

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Monograph

Identifikator:: 1820833348

URN:: urn:nbn:de:zbw-retromon-210730

Document type:: Monograph

Author:: Filene, Edward A. http://d-nb.info/gnd/123562244

Title:: The model stock plan

Place of publication:: New York

Publisher:: McGraw-Hill Book Company

Year of publication:: 1930

Scope:: xiv, 253 Seiten

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XV. The Model Stock plan makes greater total profits for every business

Collection:: Economics Books

GREATER PROFITS FOR EVERY BUSINESS 225 developed in our small store, which grew into a big store. But it fits every kind of store just as effectively. It will bring just as proportionately greater total profits to a store doing $30,000 a year business as to a store doing $50,000,000. And, as we have seen, the Model Stock Plan principles are in essence the same as those responsible for the extraordinary successes achieved by Woolworth’s, Grant's, and other chains doing annual volumes in excess of anything attained by even the largest single stores. Basically, what makes possible any argument in opposition to the idea that the Model Stock Plan will be essential to every business in the not far distant future is the widely prevalent idea that if we make money in business it shows that our methods are good. Of course, it is possible to make money in a business that is extremely badly managed. This can happen if we have a monopoly or are dealing in necessities and our competitors are using no better methods than we are. In every pioneer stage it is possible to be successful with crude methods. But eventually these always are superseded. In an army of blind men a one-eyed man is easily a leader. Tn the field of distribution there is a double necessity upon us for putting an end to crude, pioneer-stage methods. Not only are these crude methods outgrown and, therefore, bound to be pushed out of existence by competition, by the needs of distribution itself, but also mass production, as we have already seen, cannot exist with methods that waste most of the savings that mass producers have laboriously brought about in their factories. The tendency of business today is all toward the Model Stock Plan type of mass production and the Model Stock Plan type of mass distribution. In studying almost any type of article, we find that it tends to get into the hands of the consumer in better and better quality and usefulness at lower and lower prices. This is true, as any man or woman above eighteen years of age can recognize from personal experience and observation, of any number of products. Automobiles within 20 vears have ceased to be luxuries sold

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