This study adds both knowledge and method in the writing of business history. The author proposes that a preliminary management audit can be devised and utilized to gather data, analyse and compare longitudinally the quality of management existing in organizations. This book modifies a methodological tool for measuring, analysing and comparing managements to aid in the writing of business history. It establishes criteria and examples of excellent management from a sample of the USA’s first large-scale organization – the railroads. Prior to the 1870s the railroads were the only big business in the USA and the early ones emerged as a managerial problem which made obsolescent traditional structures and concepts and required effective management.
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Table of Contents
1. Introduction 2. Business History, Models and Theory 3. The Management Audit Concept 4. An Appraisal guide in conducting a Preliminary Management Audit 5. Findings From a Preliminary Management Audit of Five Selected Railroads 5.1 Entrepreneurship 5.2 Social Responsibility 5.3 Organization Structure 5.4 Executive Ability 5.5 Directorate Effectiveness 5.6 Fiscal Policy 5.7 Operating Efficiency 5.8 Marketing Effectiveness 5.9 Analysis, Planning and Development 5.10 Health of Earnings 5.11 Service to Stockholders 6. Comparison with Kennedy’s More Complete Technique 7. Usefulness of a Preliminary Management Audit and Conclusions.