“Executives must have a practical knowledge of how to observe, record, analyze and compare essential facts in relation to… all… that enters into or affects the economy of production, the costs of the product.”

Attributed to Henry R. Towne in: William Kent (1914) Investigating an Industry: A Scientific Diagnosis of the Diseases of Management, p. 3
Comment: William Kent mentions the "The Engineer as an Economist," (1886) as the source.

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Henry R. Towne 10
American engineer 1844–1924

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