Business Administration

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Excerpt from Business Administration: The Principles of Business Organization and System, and the Actual Methods of Business Operation and Management, Based on a Series of Lectures Delivered at the University of Michigan When the University of Michigan established its course in Commerce and Business Management, it appointed as lecturer on the principles of business method and system Mr. Carl C. Parsons - an accountant, branch manager of an office equipment concern, and a contributor to System. Out of his own experience, from the descriptions of actually-used methods published in System, and with the collaboration of its editors, this series of lectures was prepared. The lectures were more fully attended at the University than any other series in the course. The number of hearers often was greater than the enrollment of the entire School of Commerce, because outside students attended. For all realized the practical value of these lectures: that they were based upon facts - not upon theory, but upon business principles actually tried out and found successful. This was the first time that the methods and systems of business, as actually used in operation, were reduced to their fundamental principles. No untried theories or abstract generalities were exploited, only plans of organization and methods of management in successful every-day use were given place. With these lectures as a basis, this book has been prepared. The material has been rewritten by the editorial staff of System and much new matter has been added to bring it up to date and to give it a broad scope covering the whole field of business. The operating systems and managing methods of more than a hundred businesses were studied and the wide experiences of the contributors of System were drawn upon by the editorial staff to insure the accuracy and practicality of every principle presented and every method described. 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.