Management is a highly self-conscious group with its own mores, aims and professional standards. Its interest in an enterprise tends to be more long-range than that of ownership, for the simple reason that stocks are apt to be more liquid than good jobs. Being one of the less tangible assets of a company, good human relations has a greater appeal to the more permanent interest of management than to the often shorter-term interest of the owners.
The practice of polling management to discover where it is headed and what it wants has hardly been begun. E. Wight Bakke has described four main…
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