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Excerpt from Organization and Control, Vol. 3: Modern Business Perhaps no step in the prosecution of a business is so important to the individual as the organization Of the ownership. While the application of correct principles of production, marketing, financing and accounting are necessary to insure success, they determine the amount Of profits the business as a whole is to have. But every man goes into a busi ness for income and the amount of his own income will depend not only on the amount of the profits of the whole business but on his own proportionate share of those profits. The division of the profits into shares depends almost entirely on the form of Organization. Moreover, when men enter business they hazard not only their time and a definite amount of wealth in the enterprise, but perhaps other wealth that was in tended to be kept separate. Indeed, embarking on a business venture may be but the beginning of the loss Of the income of future years when all chance of profits has ceased and the business represents nothing but a lot of debts that remain to be liquidated. Risk is an important element that is varied by the form of organization selected. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Modern Business Corporations, Including the Organization and Management of Private Corporations It has been the plan, as far as possible, to arrange the divisions of the subject as to their time sequence in the formation, organ ization and management of corporations, and to keep from chop ping the subject into such small bits by sectional arrangement that its organic conception is destroyed. A book of this kind is necessarily an interweaving of law and business economics, as corporate business purposes are forwarded only through the union of corporate powers and corporate funds or assets. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Modern Business Corporations: Including the Organization and Management of Private Corporations, With Financial Principles and Practices It has been the plan, as far as possible, to arrange the divisions of the subject as to their time sequence in the formation, organ ization and management of corporations, and to keep from chop ping the subject into such small bits by sectional arrangement that its organic conception is destroyed. A book of this kind is necessarily an interweaving of law and business economics, as corporate business purposes are forwarded only through the union of corporate powers and corporate funds or assets. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from The Organization of Modern Business A definite trend in business methods has developed during the past few years. To succeed permanently, an enterprise must move in harmony with this trend; to resist it is to insure ultimate failure. The communist's dream of production for use can never succeed until human nature is remade. Profit is the only spur to production. But the concern which looks first to profits is a beach-comber existing only from day to day. When, temporarily, as in a depression, the opportunities fail, such a business also fails. The permanently successful business must first serve the customer, the workman and the community. Under reasonably good management the profits will surely follow and will be a direct measure of the value of the service rendered. This service does not consist of willingness to admit that "the customer is always right," nor promptly to send out a man to repair a product that should have been better made in the first place. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Introduction to Business Organization This volume is an outgrowth Of a course of lectures on Business Organization and Manage ment delivered at the University of Wisconsin in connection with the courses in Commerce. There is no single volume covering modern busi ness activity from the point of view of organiza tion. It is, however, true that occasional articles in trade magazines and even treatises covering special phases Of business have recently come from the press. The growth Of this literature indicates a larger interest in the systematic study of business institutions and operations. The business man is fast realizing the practical helpfulness of these studies. The best firms are establishing trade and technical libraries and schools of instruction, not only for the training of their employees, but also for constant consultation in connection with Office and factory problems. Greater attention is given to - day to business efficiency, and several reasons have made this necessary, among the more important of which are business waste and misdirection. Every business man, although he may deny that there is a science Of business, will admit that there is a proper way Of organizing his business. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.