A small company's viewpoint

A PARTNER in a management consulting firm suggests that the embryo of a new industrial company is composed of a good salesman who has become dissatisfied with the scope of his activity and an able foreman whom he selects as superintendent. These two men start a new company. This is basically a sound beginning, provided that there is a product, process, or service available which can be marketed at a profit. As growth follows hard work and imaginative policies, it becomes impossible for the original owner to satisfy the demands for his time adequately. Key men are assigned progressively in management positions as the company grows.