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The minutest details of cost of materials and labor in every department appeared from day to day and week to week in the accounts; and soon every man about the place was made to realize it. The men felt and often remarked that the eye of the company were on them through the books.

— Alfred D. Chandler Jr. The Visible Hand (1977)

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More quotes by Alfred D. Chandler Jr.

Men's mind and abilities grow and expand with use of responsibilities.

The Visible Hand (1977)

To maintain and continue a high volume of flow demanded organizational innovation. It would be achieved only by creating an administrative hierarchy operated by many full-time salaried managers.

The Visible Hand (1977)

Effective coordination of throughput required the placing of vigorous management controls over these despots.

The Visible Hand (1977)

Multi-unit business enterprise replaced small traditional enterprise when administrative coordination permitted greater productivity, lower costs, and higher profits than coordination by market mechanisms.

The Visible Hand (1977)

Modern factory management (but not it must be stressed the management of large modern multi-unit enterprises) had the genesis in the United States in the Springfield Armory.

The Visible Hand (1977)

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Quote text and notes from Wikiquote: Alfred D. Chandler Jr. (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.