Admiral Hyman Rickover, retired, of the US Navy, had this to say to the graduating class of the Columbia University School of Engineering on Nov 5, 1981. In Doing a Job, he points out that "There is concern today over the apparent decline in U.S. productivity. In searching for its causes we should not overlook the impact of the many professional administrators who run large corporations. Though trained in management at our leading universities, they are often unskilled in the technical aspects of the company. As a result they manage largely in the terms they learned at school. Technical, operational, and production issues are quickly reduced to issues of numbers and dollars, upon which these administrators apply their management techniques. Although in this way they may achieve financial benefits, an overemphasis on short-term profits often ignores broader issues such as efficient production or planning for the future. How can they act otherwise, when they have knowledge only of management theories learned in school?.
