The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter IX. Industrial Management

Collection:: Economics Books

154 The Stock Market Crash—And After ments, work ahead of the plant, inventories of raw materials and of finished product, costs and other data. “The figures in the monthly spaces represented the quantities planned for each month. A light line showed what was actually done during the month, and a heavy line showed that cumulative re- sult compared with the plan. If everything had been done as planned, all the heavy lines would end under a large “V”, “This chart showed the chief executive that, al though the orders had been exceeding the quota, there was very little work ahead of his plant and that he had on hand a stock of finished goods equal to five months of normal sales. He, therefore, under- took a more intensive selling campaign. The value of such a chart lies in the fact that the chief executive has before him absolute facts, and he does not need to rely on the opinions or impressions of others. “Similar charts are being used in government and private industries by executives who direct a num- ber of plants which make different products so closely related that any lack of progress in one immediately affects the others. From a single chart of this kind a single executive directs the progress of iron mines, blast furnaces, a rolling mill, a foundry and a large machine shop.” “Does this process of planning and coérdination do away with preconceived notions?” “As the scientific organization of a business enter- prise progresses and the methods described are used

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