The Effects of Management Understanding on Human Resources and Productivity

At the moment of their greatest political triumph in a quarter of a century, business management is under fire for losing leadership in world commerce and trade. Ascendancy to the U.S. presidency of a person with a strong business orientation is in no small part due to the electorate's belief that business people can bring efficiency and economy to government. Simultaneously, however, these business people are being charged with failing to anticipate the changing nature of world competition and the massive disruption of consumer purchasing patterns by the oil producing nations, failing to make their products competitive in price and quality, and contributing to declining productivity by letting research and development lag and by managing the nation's workforce poorly.