General Management Considerations
As American industry turns to the 2lst century, the major thrust is to come from the application of technology. In a maturing society, the gross national product (GNP) from the output of physical labor obeys the economic law of diminishing returns. For each added increment of labor, there is a reduced increment of production. The increase in GNP will, of necessity, come from added efficiencies of technological capacity.
KeywordsGross National Product Corporate Structure Mature Society Human Aspect American Industry
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