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 \u003Cbr>2795  \u003Cbr>The public  \u003Cbr>.H6  \u003Cbr>responsibilities of  \u003Cbr>big companies.  \u003Cbr>49   |\n| --- |\n\n338 H731  \n# PublicResponsibilities\n\nof  \nBig  \nCompanies  \nPedmont Coliege Librmx  \nAn address by EUGENE HOLMAN,President,Standard Oil Company(NewJersey),given at The Economic Club of Detroit,November 8,1948  \nhttps://archive.org/details/publicresponsibi0000unse_x3s8  \n# The Public Responsibilities of Big Companies\n\nI sHOULD like to talk to you today about a subject of increasing in-terest in our country-about \"Big Business\"and its contribution tothe society in which we live.  \nI have chosen this subject for several reasons:  \n1.Many sincere and thoughtful people-in our universities and else-where-are studying large-scale economic operations and are devel-oping opinions important to all of us.  \n2.Bigness is continually misused by propagandists-often,in myopinion,to sow discord and create disunity.As a result,a great dealsaid about it is untrue.Much is left unsaid that needs to be said.  \n3.We,as a people,are continually making political decisions on thissubject,so it is important that the opinions on which we base thesedecisions be as informed as possible.  \nThe whole subject of \"Bigness\"is of great interest to me and tomy associates because our company is one of the big enterprises ofthe United States and of the world.What people think about bignessaffects us today and will affect us tomorrow.  \nI don't think that it is necessary for any of us to try to give a pre-  \ncise definition of the word big when we talk about big companies.Of course,to the service-station operator the distributor is big.To thedistributor the refiner is big.To the supplier of automotive parts theauto manufacturer is big.Bigness is relative-and yet I think we allknow what we have in mind when we talk about big business and bigcompanies.  \nWhat I should like to do is to state some thoughts with respect tobig companies which seem to me true and important.  \nFirst,Bigness is a technique-a method of getting a job done.  \nSome people think of bigness as a sort of unnatural and unhealthygrowth.I think,on the contrary,it is a technique for getting workdone-just as the assembly line is a technique.It is a method whichhas developed over a long period.It fits some jobs and it doesn't fitothers.It is part of the search by Americans for improved methods.Where it is suitable,bigness is a road to greater efficiency;bettermanagement;distribution of risk;more effective use of scientificmethods;and-as a result of these-greater social security;higherstandards of living;and greater national security.  \nBig business concerns don't just happen.Nearly all the big busi-nesses in the nation today started out as small businesses.They grewas the country grew-as populations increased,as products and pricesattracted more customers,as foresight and prudent management en-abled them to become more efficient and more productive.Theygrew,not simply because they wanted to,but because there was aneed for them to grow.This same process is going on right now.To-day's small companies may be tomorrow's big ones.The businessworld is not static-the relative size of companies is always chang-ing;new concerns are constantly being formed,others are going outof existence.  \nIt is important also to note that bigness is neither the best nor the  \nmost effective instrument for every job.There are many situationsin which enterprises of small and intermediate size are more appro-priate.If they effectively serve the public,they continue to exist andto progress side by side with the big fellows  \nIn other words,bigness is not an end in itself.It is simply a wayof doing something that cannot be done so well on a small scale.Youcannot build automobiles at low cost without mass production—massinvestment-standardization-and large,expensive,special-purposemachines.  \nIn the oil business,you cannot go into undevel","cbCaikZB351rQqJS","https://ap.wps.com/l/cbCaikZB351rQqJS","pdf",2145049,24,"English","# The Public Responsibilities of Big Companies\n## The purpose and reasons for discussing Big Business\n## Bigness as a technique and its consequences\n## Growth from small businesses and changing size\n## Limits of bigness and necessity of scale in some industries\n## Checks and balances: ownership, shareholders, and public opinion","[{\"question\":\"Why does the speaker discuss “Big Business” and its contribution to society?\",\"answer\":\"The speech states that many thoughtful people are studying large-scale operations, that propaganda misuses the idea of bigness, and that political decisions depend on informed opinions.\"},{\"question\":\"How does the speaker define “bigness” when talking about big companies?\",\"answer\":\"“Bigness” is described as a technique—a method for getting a job done—rather than a disease-like growth, and it can increase efficiency, management quality, and social security.\"},{\"question\":\"What checks and balances does the speaker say exist for large enterprises in the United States?\",\"answer\":\"The speech emphasizes that no tiny group controls the economy, since ownership is widely distributed and management must consider the views of many shareholders and the public interest.\"}]","The Public Responsibilities of Big Companies - read online free | PDF",1790676207,37]