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Modern Concepts of Dairy Plant Management

Purdue University, Lafayette, Indiana

ABSTRACT

Management started as an art; it is becoming a science. It is a premium item, focused on youth. Early business history found management a one-man show—a man with wide experience from coming up through the ranks. Smaller businesses dominated; subsistence was often the goal. Management reward was for the art of making the right decision at the right time in a majority of the situations. If he made the right what decision, the how decision wasn't too important.

The Industrial Revolution fostered cost reduction. The manager with a cost-reducing patent rose to the fore. Names like Kraft, Borden, Swift, and Kellogg were imprinted on the pages of management history. But, industrial patents were not enough; economics then came forth as a prominent tool of management. This was made manifest in general accounting. The inventory of resources was formalized by the balance sheet; economic growth by the income statement; and operating procedures by the budget. A basis for science was appearing. Cost accounting refined this new science; break-even charts established quantity of output and plant size.