Industrial Management

Abstract

Industrial Management may be defined as the organization and administration of industrial plants in accordance with some previously determined aim or policy. It is very important to understand that Industrial Management as a specific art, based on some approach to scientific principles, is a wholly different matter from the technical art of manufacture. Nevertheless, all these industries, so diverse as regards the technical knowledge required, are subject to common principles when it comes to a question of administration, and it is precisely these common principles that it is the task of industrial management to discover and perfect. In the same way, industrial management has nothing to do with the perfection of technical equipment, or of technical design. Having thus roughly defined what Industrial Management is, the nature of the improvements that have been made in its practice in the last decade or so may be generally touched on.

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