Multi-unit business enterprise replaced small traditional enterprise when administrative coordination permitted greater productivity, lower costs, an… - Alfred D. Chandler Jr.

Strategy can be defined as the determination of the long-term goals and objectives of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals

Men's mind and abilities grow and expand with use of responsibilities.

The minutest details of cost of materials and labor in every department appeared from day to day and week to week in the accounts; and soon every man about the place was made to realize it. The men felt and often remarked that the eye of the company were on them through the books.