Establishing Labor Department in Industrial Establishments - Carpenter - 1903

 

Very interesting article to be read by management students and managers

First article in

https://archive.org/stream/sim_industrial-management-1916_engineering-magazine_1903-04_25_1/sim_industrial-management-1916_engineering-magazine_1903-04_25_1_djvu.txt

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PRACTICAL ECONOMY IN THE POWER PLANT. 

By W. H. Booth. 

Mr. Booth’s chief proposition is an enforcement of that stated elsewhere in this issue by 

Mr. Kimball—that the successful engineer must take full account of the commercial factors in 

the problems he is called upon to solve. The maximum of efficiency is not of necessity to be 

found in the closest approach to a certain formula or thermodynamic equation, but in the 

largest useful return for the input of money and work.