concern must grasp these facts.

The value of experience, if acquired in an industry where such
fundamental principles have been recognized, should be given the
highest rating. Experience, however, in an industry where the
energies of men were not most effectively employed and where there
was not a recognition that the effective employment of man's
energies require a general development of mind and body up to the
man's capacity, cannot be counted as wholly good unless, through
force of purpose, there is the strength to adopt a new path.



[Footnote]INDUSTRIAL MANAGEMENT.

[Footnote text: A revision of material originally under title of
Human Factor in Works Management by James Hartness, published by
McGraw-Hill Publishing Co., New York.]

The navigator in preparing for a voyage carefully examines each of
his instruments. He must know the present error of his chronometer
and its rate of change, and its general reliability as indicated
by its past record. He must also know errors in his compasses for
each point, and he should have the fullest information regarding
the degree of reliability of every other means on which his
success depends; and, last but not least, he must accurately
determine his starting-point or point of departure.

In taking up the subject before us we will do well to follow his
example.