ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Computers as Sinews of Management

Review of Management February 1969 ready basis. Indeed, many of the involved personnel, have first of all, to be 'sold' on the need and importance of scientific inventory management.

Management by Objectives

B L Maheshwari Management by Objectives: A System of Managerial Leadership by George S Odiorne, Pitman, New How to Manage by Results by Dale D MoConkey, American Management Association, New York, 1965. Beyond Management by Objectives by J D Batten, American Management Association, New York, 1966. Improving Business Results by John W Humble, Management Centre Europe, Brussels, 1967.

Short-Term Economic Forecasting-Some Leading Indicators

Review of Management February 1969 book of abstractions. It was not written in the proverbial 'ivory tower'. Rather, it is a practical, down to earth, easy to understand and assimilate, 'how to' approach to effective leadership." Variations of this statement are found in the other books under review. The authors of these books are committed to the new system and their books are designed to convert others. The case histories given in them are success stories. As a result, they ignore the conceptual issues and do not display enough analytical depth and objectivity. Finally, the whole development of Management by Objectives has taken place in the context of Western, predominantly American, business management and some of the authors have chosen to portray it as a great bulwark of the strength of the free enterprise system. It goes without saying that however effective this approach may have been found elsewhere, there is no room for a turnkey operation. Indian managers must, therefore, analyse their current practices and the organisational and social climate in order to relate Management by Objectives to the Indian situation.

Performance Budgeting in Public Sector

A Premchand The principal handicaps in the budgeting system of the public sector are two: there is generally very little relationship between the financial outlays of the budget and the physical content of the programme proposed to be achieved, and the system of financial control is concerned more with cash transactions than with the cost of operations.

Inventory Management-Some Approaches and Problems

Review of Management February 1969 bility cost centres and cost analysis are needed. The 'responsibility cost' indicates the costs and results of operations by organisational units or on programme lines, the costs of inputs and also the outputs or the accomplishments of the organisation. Cost analysis, on the other hand provides the means by which the underlying responsibility and costs are summarised, rearranged and allocated. These data provide both an organisational unit orientation and a programme or product orientation.

Profit Reporting by Diversified Companies

S K Bhattacharyya The recent emergence of a large number of conglomerate companies with diversified product lines is largely due to acquisitions of other companies and the setting up of new activities as divisions within existing companies, Initial official opposition to such diversification has been overcome by court rulings and the attractions of higher profitability.

Share Prices, Dividends and Earnings

S C Srivastava Retained earning has no significant influence on the determination of share prices in India, To thai extent investment in shares does not appear to be growth-oriented.

Motivation for Action

Sanat Lahiri Communications in India: Experiments in Introducing Change by Joseph E Kivlin, Prodipto Roy, Fredrick C Fliegal and Lalik K Sen, National Institute of Community Development, Hyderabad, 1968; pp 56; price Rs 4.

An Export Bank

Motivation for Action Sanat Lahiri For Teachers Only Angus Hone Blue-Collar Worker Baldev R Sharma Demand Forecasting D N Sen Gupta Profit Reporting S K Bhattacharyya Share Prices and Earnings S C Srivastava Review of Management, is published four times a year, on the last Saturday of February, May, August and November.

Long-Term Demand Forecasting-An Approach

An Approach D N Sen Gupta This article does not present any new theories or techniques of long-term demand forecasting. It only describes how Metal Box of India adapted a few well known and extremely simple techniques to prepare a long term forecast of demand for its products, ie, consumer packages of different types made from tinplate, aluminium, paper and board, and plastics.

The Blue-Collar Worker-A Sociological Analysis

A Sociological Analysis Baldev R Sharma This paper examines the hypothesis that workers with an urban background are more highly committed to industrial work than those with a rural background. On the basis of a case study of workers in an automobile plant in Bombay, the author finds that this hypothesis, accepted for long by anthropologists among others, is not correct.

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