fullscreen: The stock market crash - and after

Industrial Management 143 
Research under the supervision of Henry S. Denni- 
son, are presented in the report of President 
Hoover's Committee on Recent Economic Changes, 
as the result of interviews with five hundred people 
employed by one hundred different concerns, chosen 
as samples of normal, successfully established busi- 
nesses in the United States. These were large and 
small companies making moderate to notable suc- 
cesses in a variety of businesses in different sections 
of the country, and the survey is believed by the 
Committee to be a fair example of the group of 
American business men whose management practices 
would be considered the prevailing ones. The 
report states: 
“The last few years have been extremely favor- 
able in many ways for the development of those 
intellectual, moral, and social attitudes which lead 
toward high professional standing. The situation 
of today holds all the opportunity anyone could 
desire for the wholesome development of business 
management into a great profession. 
“The greater complexity of business problems 
and of the organization necessary to cope with them, 
have forced attention upon better methods of coor- 
dinating the plans and the work of specialists and 
executives. Where there are research men, staff 
men and operating men, a close mutual understand- 
ing and counseling among them has been found nec- 
essary, whether it is effected by formally arranged 
conferences and committees, or, as one executive 
put it, ‘by a great use of shoe leather.’
	        
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