Efficiency Quotes - page 9
The principles of Efficiency were first applied to war by Moltke. Result - the conquest of France in seven weeks.
Second, they were applied to manufacturing by Taylor, Emerson, and others. Result - lower costs, higher profits, higher wages, and nearly twice the output.
Third, they were applied to the Ordnance Department of the U. S. Government. Result - the official approval of the Government. (See report by Brigadier General William Crozier, Nov. 2, 1911.)
Herbert N. Casson
Herbert Casson was a highly prolific writer on management, with a career as a management guru spanning some four decades. A skilled writer who was also a successful entrepreneur, he used his own experiences and acute observations of the world around him to develop a philosophy of management based on the concept of ‘efficiency'. He published more than seventy books, which by the time of his death had sold more than half a million copies around the world. Something of a maverick, he was never really accepted by the business academic community in either Britain or America. His books were popular and populist, highly entertaining and full of penetrating insight.
Herbert N. Casson
We're still working on it, we still do a lot of work to improve our communication, our efficiency together, to understand one another's different preferences. It's evolved over the course of two decades, for sure. Having spent so much time together, we realize it's a unique dynamic but we're so appreciative of what we have. It's a special partnership. We still really enjoy skating together and I think that's why we still are.
Scott Moir
Should the United States seek so-called energy independence in an elusive effort to insulate this country from the impact of world events on the economy, or should Americans pursue the path of international engagement, seeking ways to better compete within the global market for energy? Like the Council's founders, I believe we must choose the course of greater international engagement ... The central reality is this: The global free market for energy provides the most effective means of achieving U. S. energy security by promoting resource development, enabling diversification, multiplying our supply channels, encouraging efficiency, and spurring innovation.
Rex Tillerson
I do not overlook the important contributions to economic theory in the past whether orthodox or heterodox I correlate them with institutional economics. The classical and communistic economists used as their measure of value the man hour of labor. This is evidently since the incoming of scientific management the engineering economics of efficiency. The Austrian and hedonistic economists deriving from Bentham used as the measure of value the diminishing marginal utility of consumption goods. This is evidently the home economics recently introduced in the college curriculum.
John R. Commons
Currency competition and free banking might increase the efficiency of the financial system, and bring some small triangle welfare gains. But the key question is whether their adoption would improve macroeconomic performance. Even though Salin argues (p. 281) that ‘the best system is that which produces the least inflation', fluctuations in output are also expensive.
Hayek states that the adoption of his proposal would end recessions. There is absolutely no reason to believe that. Nineteenth century history is evidence that free banking and currency issue, in the wrong legal and regulatory framework, can produce rather than reduce instability. The proponents of free banking and currency issue in this volume do not go much beyond a general belief in competition in justifying their views; they have certainly not explored the necessary legal and regulatory environment in any detail.
Stanley Fischer
Arabs rule but they do not administer. Their government is intensely individualistic, and is successful or unsuccessful according to the degree of fear and respect which the ruler commands, and his skill in dealing with individual men. Founded on an individual life, their government is impermanent and liable to end in chaos at any moment. To Arab tribesmen this system is comprehensible and acceptable, and its success of failure should not be measured in terms of efficiency and justice as judged by Western standards. To these tribesmen security can be bought too dearly by the loss of individual freedom.
Wilfred Thesiger
He was the first to advocate that eight hours a day in the workshop was best for industrial efficiency. The best employers in the land are now of that opinion. He did not fail there. Who can tell the horrors of industry which children suffered in factories at the beginning of the last century? Were not the Factory Acts acts of mercy? The country owed them to Robert Owen's inspiration. ... He was the first who looked with practical intent into the kingdom of the unborn. He saw that posterity - the silent but inevitable master of us all - if left untrained may efface the triumphs, or dishonour, or destroy the great traditions of our race. He put infant schools into the mind of the world. Have they been failures? He, when it seemed impossible to anyone else, proposed national education for which now all the sects contend. Has that proposal been a failure?
George Holyoake
Any business owner can tell you that if their company isn't performing profitably and up to standards, one of two things will happen: either you make changes to improve its efficiency, or a competitor will drive you out of business. Market forces have a way of cutting to the chase rather quickly.
J.B. Pritzker
