Organization And Men

Cover Organization And Men
Organization And Men
Earl C Sams
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But experience has taught us to deduce from present conditions the general trend of the future. So we may, by keep- ing clearly before us the facts of business as they are, anticipate somewhat the conditions into which we are moving.
Statistical organizations assure business men that the period of readjustment will be tedious. They 33 point out that it is important for us to take advant- age of every favorable condition that we can find in business. For the next few months, we shall have to fig
...ht our way along, overcoming unfavor- able trends by the force of industry, optimism and economy.
What, then, are the conditions or the facts to which we must give our closest attention?
'i?
34 VIII. Business Cycles Business runs in cycles and consequently there is periodically a depression, occasionally emphasized by a panic. Panics are always sudden and unex- pected. The recent and present depression does not, however, constitute a panic. There can be no panic when everyone is expecting a normal and in- evitable reaction.


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