Abstract
DURING recent years, considerable interest has developed in the possibilities of specialised training for business management. Such training, it is recognised, is not a substitute for experience but a supplement, or rather a preparatory basis, which provides a broader foundation on which experience can build. The applications of science to industry, intensified world competition, the increasing complexity of industrial organisation and other factors have combined to make the task of successful management far more complicated and difficult than it was in the past. To provide for the systematic training of men for responsible posts in business, a Department of Business Administration was established at the London School of Economics in 1930 through the joint efforts of leading business firms and the authorities of the School. Selected students are given full-time training in the broad principles of business administration, and throughout the course efforts are made to keep the teaching in close touch with reality through discussions opened by business men and by visits to factories, shops and offices. Special attention is paid to marketing, retail management and sales management, and instruction in these subjects is based on fresh investigations into current practice. The recently issued prospectus of the Department for the coming session shows that during the past three years nearly fifty students have passed through it, most of them university graduates. Last summer, the Department began an experiment in training which was designed to be of practical help in bridging the gap between university study and entry into business. Under this scheme, which is being extended during the coming session, a number of firms offer appointments to university graduates of high standing who are selected by them and approved by the Department on condition that they attend the specialised business course during the academic year from October until June.
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Training for Management. Nature 134, 414 (1934). https://doi.org/10.1038/134414a0
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DOI: https://doi.org/10.1038/134414a0