“The supreme principle [in Industrial Organization] has been the belief that business efficiency and the welfare of the employees are but different sides of the same problem. Character is an economic asset; and business efficiency depends not merely on the physical condition of employees, but on their general attitude and feeling towards the employer.”

—  Edward Cadbury

Introduction, p. vii; Partly cited in: Felix Behling et al., The Changing Worlds and Workplaces of Capitalism. 2015, p. 194
Experiments in industrial organization (1912)

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 "The supreme principle [in Industrial Organization] has been the belief that business efficiency and the welfare of the …" by Edward Cadbury?
Edward Cadbury photo
Edward Cadbury8
British businessman 1873–1948

Related quotes

Walter Dill Scott photo

“An efficient and contented employee has a positive money value to any employer. To hold him and keep him efficient, his personal comfort and needs should be considered in every way not detrimental to the company's interests.”

Walter Dill Scott (1869–1955) President of Northwestern university and psychologist

Walter Dill Scott, "The Psychology of Business - Wages," in: System, (18) (Dec. 1910), p. 610. The first article appeared in XVII

Herbert A. Simon photo

“First, most producers are employees of firms, not owners. Viewed from the vantage point of classical [economic] theory, they have no reason to maximize the profits of firms, except to the extent that they can be controlled by owners. Moreover, profit-making firms, nonprofit organizations, and bureaucratic organizations all have exactly the same problem of inducing their employees to work toward organizational goals. There is no reason, a priori, why it should be easier (or harder) to produce this motivation in organizations aimed at maximizing profits than in organizations with different goals. If it is true in an organizational economy that organizations motivated by profits will be more efficient than other organizations, additional postulates will have to be introduced to account for it.”

Herbert A. Simon (1916–2001) American political scientist, economist, sociologist, and psychologist

Simon (1991) "Organizations and Markets:" in: Journal of Economic Perspectives. 5 (2 Spring 1991): p. 28.
1980s and later

Henry Gantt photo

“It is becoming perfectly clear that the principles underlying industrial and military efficiency are the same and that a nation, to be efficient in a military sense, must first be efficient industrially”

Henry Gantt (1861–1919) American engineer

Source: Industrial leadership, 1916, p. 936) cited in: P.B. Petersen (1986) "Correspondence from Henry L. Gantt to an old friend reveals new information about Gantt". In: Journal of Management Fall 1986 vol. 12 no. 3 pp. 339-350.

“The objective of public administration is the most efficient utilization of the resources at the disposal of officials and employees.”

Leonard D. White (1891–1958) American historian

Source: Introduction to the Study of Public Administration, 1926, p. 2

V. V. Giri photo

“It is essential condition to maintain mutual trust and confidence between the employer and the employee to obtain the goal of rapid economic development and social justice.”

V. V. Giri (1894–1980) Indian politician and 4th president of India

Pravin Durai in: Human Resource Management http://books.google.co.in/books?id=aan1hKH_ejUC&amp;pg=PA387, Pearson Education India, p. 387 <br class="br">Explaining his theme of the tree of socialism with the root comprising human beings.

“This text is oriented toward human organizations since this has been the emphasis in the practice of O. R. in business and industry.”

C. West Churchman (1913–2004) American philosopher and systems scientist

Source: 1940s - 1950s, Introduction to Operations Research (1957), p. 7

Paul Wolfowitz photo

“Firing employees, that's unfortunately a part of doing business.”

Paul Wolfowitz (1943) American politician, diplomat, and technocrat

(2006) http://www.avaaz.org/en/sack_wolfowitz/.

Don Soderquist photo

“Whether your organization is a large corporate entity or a small business with only a few employees, a winning team is born the day leaders purpose to make people feel that they are significant an that their work has value by treating them with dignity and respect.”

Don Soderquist (1934–2016)

Don Soderquist “ The Wal-Mart Way: The Inside Story of the Success of the World&#x27;s Largest Company https://books.google.com/books?id=mIxwVLXdyjQC&amp;lpg=PR9&amp;dq=Don%20Soderquist&amp;pg=PR9#v=onepage&amp;q=Don%20Soderquist&amp;f=false, Thomas Nelson, April 2005, p. 54. <br class="br">On Creating Teamwork

Henry Gantt photo

“Scientific investigation is rapidly putting at our disposal vast amounts of knowledge concerning materials and forces, which it is the business of the engineer to utilize for the benefit of the community. Well-designed plants and efficiency labor-saving devices, to be seen on every hand, bear testimony that he is doing at least a portion of his work well. When, however, it comes to the operation of these plants and the utilization of these labor-saving devices, the lack of co-operation between employer and employee, and the inefficient utilization of labor, very much impair their efficiency. The increase of this efficiency is essentially the problem of the manager, and the amount to which it can be increased by proper study is, in most cases, so great as to be almost incredible.”

Henry Gantt (1861–1919) American engineer

Source: Work, Wages, and Profits: Their Influence on the Cost of Living. 1910, p. 13-14.

Related topics