The administrative function has many duties. It has to foresee and make preparations to meet the financial, commercial, and technical conditions under which the concern must be started and run. It deals with the organization, selection, and management of the staff. It is the means by which the various parts of the undertaking communicate with the outside world, etc. Although this list is incomplete, it gives us an idea of the importance of the administrative function. The sole fact that it is in charge of the staff makes it in most cases the predominant function, for we all know that, even if a firm has perfect machinery and manufacturing processes, it is doomed to failure if it is run by an inefficient staff.
Henri FayolRelated topics
charge commercial concern doomed fact failure firm function gives idea importance incomplete inefficient list machinery management manufacturing meet organization outside perfect predominant run selection sole staff technical under undertaking world etc means conditions partsRelated quotes
In my view-and that of most contemporary economists, I believe-Schumpeter's most original and most lastingly significant book was Theory of Economic Development, which appeared in 1911 (and was translated into English in 1934). It was at the University of Czernowitz, not far from the beginning of his career as an economist, that he worked out his conception of the entrepreneur, the maker of "new combinations,” as the driving force and characteristic figure of the fits-and-starts evolution of the capitalist economy. He was explicit that, while technological innovation was in the long run the most important function of the entrepreneur, organizational innovation in governance, finance, and management was comparable in significance.
Robert Solow
In 1990, the MPAA introduced the NC-17 rating to provide an outlet for legitimate adult fare - non-pornographic motion pictures with content deemed too strong for the under-17 crowd. The first movie released with an NC-17 was Henry & June, whose financial failure was widely blamed on the new rating. After that, all potentially-lucrative films receiving an NC-17 made the cuts required by the MPAA to earn an R. Now, in 1995, there's Showgirls, the most significant test of the NC-17's commercial viability to date. Helmed by Paul Verhoeven (Total Recall, Basic Instinct) and written by Joe Eszterhas (Jagged Edge, Basic Instinct), this movie is going into wide release with the adult rating. Too bad it's one of the worst films of the year.
James Berardinelli
The schooling system we have in the Western world is crazy – you're taken away from your parents at your most impressionable age and fed a load of bullshit and lies manipulated to make you think that the way we live in the West is stable and moral, when really it's neither. You come out of school with a one-track mind based on financial success; you're encouraged to become enslaved to the banking system. In school, I always felt, ‘Something's not right here' and I'm starting to find out what it is. Being outside of the norm gives you freedom of thought and that's something being suppressed in school and the media. If you have freedom of thought you get labeled as a crazy person or someone strange.
Matthew Bellamy
John F. Kennedy ... murdered in Dallas by some hapless geek named Oswald who worked for either Castro, the mob, Jimmy Hoffa, the CIA, his dominatrix landlady or the odious, degenerate FBI chief J. Edgar Hoover. The list is long and crazy - maybe Marilyn Monroe's first husband fired those shots from the grassy knoll. Who knows? A whole generation of American journalists is still embarrassed by their failure to answer that question. JFK's ghost will haunt the corridors of power in America for as long as the grass is green and the rivers run to the sea. Take my word for it, Bubba. I have heard his footsteps for 30 years and I still feel guilty about not being able to explain the biggest news story of my lifetime to my son.
Hunter S. Thompson
Evolutionary psychology was the organizing framework-the source of "explanatory adequacy” or a "theory of the computation”-that the science of psychology had been missing. Like vision and language, our emotions and cognitive faculties are complex, useful, and nonrandomly organized, which means that they must be a product of the only physical process capable of generating complex, useful, nonrandom organization, namely, natural selection. An appeal to evolution was already implicit in the metatheoretical directives of Marr and Chomsky, with their appeal to the function of a mental faculty, and evolutionary psychology simply shows how to apply that logic to the rest of the mind.
Steven Pinker
