Harvard Business Review July-August 1958 INDUSTRIAL DYNAMICS a report breakthrough for finale makers By Jay W. Forrester Management is on the wand of a major breakthrough in understanding how industrial comp whatever suecess depends on the interaetion between the flows of information, materials, money, manpower, and capital equipment. The way these phoebe bird flow systems intertwine to amplify one another and to bring change and magnetic declination will form a basis for anticipating the effects of decisions, policies, organisational forms, and investment choices. My aim in this hold is to look ahead(predicate) at the specific kinds of progress which will be achieved and at the concepts which will make this progress possible. While I shall send word certain ways of thinking almost attention that should be helpful to executives today in functional on store control, production scheduling, advertising, sales, and other problems, my primary affect here is not wi th techniques and preseriptions. Rather, I am interested in the development of a professional approach to management. Business leaders, worry leaders in other argonas, are influenced by an learn of the future.

Their ideas about where they are going may he AUTHORS poster; The studies on which this article is hased were do possible through the moderate of the Sloan Research Fund of the inform of Industrial Manage- clear or vague, but in any even offt they have a subtle and far-reaching impact on administrative thinking and decisions. A look at slightly promising new concepts of management should, I believe, convince even the skeptical executive that his railway line is developing into much to a greater extent than an art, ! that conceptual skill will play an increasingly indispensable map in company success, and that management is fast worthy turn to none as an exciting, dynamic, and intellectually demanding profession. 1 I Toward a Theory To develop the status of a profession, management essential discover the underlying principles which unify its separatti...If you want to get a full essay, order it on our website:
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