“Nowhere in the world of business at the present moment are conditions and methods changing more rapidly than in the work shop and factory itself. The application of new methods of processing, the invention of new tools, and the use of new combinations of cutting steels, are some of the things that in themselves are revolutionizing not only factory practice, but the character and skill of the labor employed; which results in a tendency toward a vast increase in output per capita. These things are in turn all forcing new methods and ways into industrial administration.”

Source: Organizing a factory (1905), p. 1; First paragraph of the first chapter

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Nowhere in the world of business at the present moment are conditions and methods changing more rapidly than in the wor…" by Clinton Edgar Woods?
Clinton Edgar Woods photo
Clinton Edgar Woods 12
American engineer 1863

Related quotes

Dexter S. Kimball photo
Augustin Louis Cauchy photo
Max Born photo

“It has taught us new methods of thinking (complementarity), which are applicable far beyond physics.”

Max Born (1882–1970) physicist

Statement of 1963, as quoted in Schrodinger : Life and Thought (1992) by Walter J. Moore, p. 1
Context: I am now convinced that theoretical physics is actually philosophy. It has revolutionized fundamental concepts, e. g., about space and time (relativity), about causality (quantum theory), and about substance and matter (atomistics). It has taught us new methods of thinking (complementarity), which are applicable far beyond physics.

Michael Hudson (economist) photo

“Creativity thinks up new things. Innovation does new things. The difference speaks for itself. Yet the fluent advisers to business seldom make the distinction. They tend to rate ideas more by their novelty than by their practicability.”

Theodore Levitt (1925–2006) American economist and professor at Harvard Business School

Theodore Levitt (1974). Marketing for business growth, p. 71

Clifford D. Simak photo
Theodore Roosevelt photo
Simon Kuznets photo
Henry George photo

“In any country, however new and vast, it would be possible to change "scarcity of labor" into "scarcity of employment" by increasing the price put on the use of land.”

Henry George (1839–1897) American economist

Source: How to Help the Unemployed (1894), p. 182
Context: In any country, however new and vast, it would be possible to change "scarcity of labor" into "scarcity of employment" by increasing the price put on the use of land. If three families settled a virgin continent, one family could command the services of the others as laborers for hire just as fully as though they were its chattel slaves, if it was accorded the ownership of the land and could put its own price on its use. Wakefield proposed only that land should be held at what he called "a sufficient price "— that is, a price high enough to keep wages in new colonies only a little higher than wages in the mother-country, and to produce not actual inability to get employment on the part of laborers, but only such difficulty as would keep them tractable, and ready to accept what from his standpoint were reasonable wages. Yet it is evident that it would only require a somewhat greater increase in the price of land to go beyond this point and to bring about in the midst of abundant natural opportunities for the employment of labor, the phenomena of laborers vainly seeking employment. Now, in the United States we have not attempted to create "scarcity of employment" by Wakefield's plan. But we have made haste by sale and gift to put the public domain in the hands of private owners, and thus allowed speculation to bring about more quickly and effectually than he could have anticipated, more than Wakefield aimed at. The public domain is now practically gone; land is rising to European prices, and we are at last face to face with social difficulties which in the youth of men of my time we were wont to associate with "the effete monarchies of the Old World."

Related topics