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Facts Forum News, Vol. 5, No. 2, February 1956
File 017
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Facts Forum. Facts Forum News, Vol. 5, No. 2, February 1956 - File 017. 1956-02. University of Houston Libraries. University of Houston Digital Library. Web. August 13, 2020. https://digital.lib.uh.edu/collection/1352973/item/909/show/856.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum. (1956-02). Facts Forum News, Vol. 5, No. 2, February 1956 - File 017. Facts Forum News, 1955-1956. University of Houston Libraries. Retrieved from https://digital.lib.uh.edu/collection/1352973/item/909/show/856

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Facts Forum, Facts Forum News, Vol. 5, No. 2, February 1956 - File 017, 1956-02, Facts Forum News, 1955-1956, University of Houston Libraries, accessed August 13, 2020, https://digital.lib.uh.edu/collection/1352973/item/909/show/856.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Title Facts Forum News, Vol. 5, No. 2, February 1956
Alternate Title Facts Forum News, Vol. V, No. 2, February 1956
Series Title Facts Forum News
Creator
  • Facts Forum
Publisher Facts Forum
Date February 1956
Language eng
Subject
  • Anti-communist movements
  • Conservatism
  • Politics and government
  • Hunt, H. L.
Place
  • Dallas, Texas
Genre
  • journals (periodicals)
Type
  • Text
Identifier AP2.F146 v. 5 1956; OCLC: 1352973
Collection
  • University of Houston Libraries
  • Facts Forum News
Rights No Copyright - United States
Item Description
Title File 017
Transcript justice. . bition it is «* ■ hates. Het > i ■rt i lo what he forgettable f* i that grows! 1 souls wieW ied up the 4 :n he spoke \ ks of Fra A4 itury Flot| angels. His : of Fra Angj i ideal wo' hen said: sion turns in* d unclean SP. signs of the ivating the itinients it sn<> passions, it l11 ptance by ■ of novelty, «l id degrade >'* ■ipal and fSSeJ neither linU*- e spirit of n* ROBERT W. JOHNSON Management Listens General Robert W. Johnson, Chairman of tho Board, John.on S Johnson. New Bruniwick, N. J. TO Colonel Wjj >ook t'ntltl*Jr|^HERE was a time when Commo- ,. He deing y .lore William H. Vanderbilt's ex- t secret ^ . plosive remark, "The public be ipathizers "JClamned," represented a minority tal war ag^ross-section of the business view- lay and W^Jpoint. Since that time the universally urn of our "laccepted executive viewpoint has 1, political, lexperienced a complete reversal. It , and in|e"!r; d be hard to find *<= general ive attack *Tjnanager today who does not place the ri, our hofl*griterests of his customer first. This our lusW Ugoes for the tiny candy store with will to rest newspapers on the side, to the great • struggle I^supermarket and department store, human *°"9?nd of course for industry, small and the most powerful people in our •ountry are the consumers-the work's and the farmers, who arc also con- 'wiers; the stockholder-consumers; le. union leader-consumers and the gisjator who, believe it or not, has a .miJy of consumers. When these peo- c?. speak individually, in groups or toiiert,vdy. management is all atten- P°n. The executive not onlv listens d bv the tha* gardiot) oaucd to OW cademy of I;' patriotic 1 le pays a great price for exploratory 1 i""^ in the hope that he can hear ,t" e faintest murmur of dissatisfaction fix Praise. / to meet this overwhelrnlng control, id ^ ls,'nc;ss competes aggressively within ,'fter'"having ^ elt 'n the hope that each manage- in an iinp<*jj t nt team may best interpret the ex- Mctropoliti"1 ^ f essed, and even the subconscious orKl-!Z/i KSke\°f the new dictator. To accom- 'n.Th,sv^>sh this end a modern, and largely «■"'»'■*,r<"" * Tn?en cr?ated- Ir. llvwatcrs. io<lay, the first consideration of publication f wind corporate policv is the public - Kts Forum ■ e . i S fACTS Forum News, February. 1956 ,vs, Fcbru<ii*\ the consumer, the customer. The modern corporation knows its products must he good, and that it must strive to make them better, at lower cost. As part of this pattern, dealers and distributors must make a fair profit and orders must be filled promptly and accurately. Without distributor and buyer good will, there can be no business. The second responsibility of a sound business is to its workers, the men and women in its factories and offices. They must have a sense of security in their jobs. Wages must be fair and adequate, management just, hours short, and working conditions clean and orderly. Workers should have an organized system for suggestions and complaints. Foremen and department heads must be qualified and fair- minded. There must be opportunity for advancement for those who qualify, and each person must be treated as an individual, standing on his own dignity and merit. The third responsibility is to the people who manage the business. Men who have risen from the ranks — the executives of proven experience and ability — have conic to spell the difference between success and failure in today's complex corporate structure. The fourth consideration and responsibility of the going business of today is to the community in which it functions. In many communities a large factory, store or insurance company is the principal source of livelihood and taxes. In addition, the families of employee-consumers for miles CONSUMERS WORKERS EXECUTIVES COMMUNITIES STOCKHOLDERS around look to it for leadership in civic improvement, health standards and education. The modern corporation has become inextricably involved in the welfare of the communities in which it operates. Here is the birthplace — or deathbed — of public good will. The fifth and hist responsibility is to the many people who own the present-day corporate enterprise — who risk the savings and buy its stock. In days of yore, when one man financed a company's start, he might have been characterized or caricatured as a bloated moneylender or, still worse, a "money changer" who should be "driven from the temples" in times of stress or depression. But in today's complex design of corporate finance, more than half our population has an interest in the stocks and bonds of our leading industries, whether outright, or through the medium of investment trusts, insurance policies, savings bank deposits, etc. Among large and important owners of corporate stocks today are the company's customers, the dealers and distributors; the workers, foremen, superintendents; the managers, and the people who live in the communities where it functions. A irus we have reached a phase of corporate development where the application of the Colden Rule to all of these elements is truly good business practice. Here is a new business concept, ii new philosophy. It is a unique (Continued on Page 35) Page 15 V I
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