Getting the Most Out of Business Observations of the Application of the Scienti
Getting the Most Out of Business Observations of the Application of the Scienti
Elias St Elmo Lewis
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Every rule of action must be interpreted in the light of a new experience, and often revised in statement to con- form in letter and spirit with the progress of larger experience. A careful reading of ancient, medieval, and modern history — an analysis of the lives of governments, of cor- porations, of firms and individuals, and of national and individual life, has given the searchers after truth some universal principles. These constitute the new Gospel of Efficiency. CHAPTER XI THE WORK OF EF...FICIENCY What Efficiency Can Do It has been claimed that the expert application of the principles of efficiency will increase our national wealth twenty-fold. An analysis of wastes in all lines of human effort, compared with the economies in nature, makes the thoughtful believe the statement. The New York Bureau of Municipal Research found millions being wasted because a few of these efficiency principles were not observed in the buying of city sup- pHes and in the conduct of departments. The individual life-stories of over four thousand pau- pers, actually investigated, proved the lack of these prin- ciples — a common quality of their lives; the life of every successful man shows the observance in greater or less de- gree of all the principles.
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