"To insure the best results, the organization of productive labor must be directed and controlled by persons having not only good executive ability, and possessing the practical familiarity of a mechanic or engineer with the goods produced and the processes employed, but having also, and equally, a practical knowledge of how to observe, record, analyze and compare essential facts in relation to wages, supplies, expense accounts, and all else that enters into or affects the economy of production and the cost of the product. There are many good mechanical engineers; — there are also many good " businessmen ;"— but the two are rarely combined in one person. But this combination of qualities, together with at least some skill as an accountant, either in one person or more, is essential to the successful management of industrial works, and has its highest effectiveness if united in one person, who is thus qualified to supervise, either personally or through assistants, the operations of all departments of a business, and to subordinate each to the harmonious development of the whole."
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Businesspeople from the United StatesEngineers from the United StatesPeople from PhiladelphiaBusiness theorists from the United States
Original Language: English
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p. 428; Second paragraph
https://en.wikiquote.org/wiki/Henry_R._Towne
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Henry R. Towne
Henry Robinson Towne (August 24, 1844 in Philadelphia – October 15, 1924) was an American mechanical engineer and businessman, known as an early systematizer of management.
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