An analysis of executive development programs in the Los Angeles area. - Page 27 |
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s I5
by Mace as the experience of firms in losing equally as
many executives because of death and disability as for
retirement. Furthermore, the task of providing replacements
for these losses is made more difficult because of
i
the tendency toward ever-greater specialization as business
organizations grow in size and complexity. This has
developed potential key executives with severely limited
points of view and functional experience. 6 A director
i | and chairman of The Detroit Bank directs attention to the !
!i transition from the era of the owner who managed his own •* i
| business to the situation existing in the modern corpora-j
tion of size in which ownership is divorced from manage- j
i “ !
| ment. The consequences of mismanagement are much greater *
j| now that mistakes of man■ •agement are paid for with the ■ money of other people who may not be prone to accept the
| results of costly errors in judgment or incompetence on
!I the part of operating executives. 7
^Myles L. Mace, The Growth and Development of
Executives (Andover, Massachusetts: The Andover Press,
Ltd., 1950), pp. 5, 9-10. !
I ^Joseph M. Dodge, "Some Special Characteristics
of Successful Management,*1 Advanced Management, Volume XX
i No. 4, Society for Advancement of Management (April,
: 1955), p. 5.
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| Title | An analysis of executive development programs in the Los Angeles area. - Page 27 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | s I5 by Mace as the experience of firms in losing equally as many executives because of death and disability as for retirement. Furthermore, the task of providing replacements for these losses is made more difficult because of i the tendency toward ever-greater specialization as business organizations grow in size and complexity. This has developed potential key executives with severely limited points of view and functional experience. 6 A director i | and chairman of The Detroit Bank directs attention to the ! !i transition from the era of the owner who managed his own •* i | business to the situation existing in the modern corpora-j tion of size in which ownership is divorced from manage- j i “ ! | ment. The consequences of mismanagement are much greater * j| now that mistakes of man■ •agement are paid for with the ■ money of other people who may not be prone to accept the | results of costly errors in judgment or incompetence on !I the part of operating executives. 7 ^Myles L. Mace, The Growth and Development of Executives (Andover, Massachusetts: The Andover Press, Ltd., 1950), pp. 5, 9-10. ! I ^Joseph M. Dodge, "Some Special Characteristics of Successful Management,*1 Advanced Management, Volume XX i No. 4, Society for Advancement of Management (April, : 1955), p. 5. |
