Excerpt from Farming Costs Every enterprise working to supply a market has two sides, the technical side involving the use Of special skill in the various processes involved in the production Of the particular commodities concerned, and the managerial side working to control this technical skill to the end that effort may be economically applied so that the final product-cost will be brought out as low as possible. As a business grows in size so does the tendency increase to separate the func tions of the technical and the managerial staff, until, in the great industrial organizations of today, we find a fairly complete division between them, and a demand has sprung up for individuals who, knowing little or even nothing of the technical side of a business, are able to control it success fully by a system of management based on the compilation of records of cost in every process and department. A man who is 100 per cent. Efficient as the manager of one par ticular business is 90 per cent. Efficient as the manager of any business is the dictum Of a certain successful manu facturer who values technical knowledge in a manager at no more than 10 per cent. Of his total equipment, and it is certainly true that most of the large industrial enterprises Of our day are controlled by men who are well versed in management and the means to analyse the processes of production rather than in their technique. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.