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Most traditional industries pass through a phase when massive re‐organisation is necessary for survival, and during that period have difficulty attracting either sufficient staff or staff of the right quality. In certain respects public prejudice may be justified. But that prejudice may also be based on generalisations which fail to examine present performance and future potential, or to distinguish between growth areas and areas where contraction (but not necessarily decline) may be inevitable.
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© MCB UP Limited
1973
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