1. Total War Requires Free Enterprise.
- Author
-
Drucker, Peter F.
- Subjects
- *
FREE enterprise , *MANAGEMENT , *EMPLOYEES , *WORLD War II , *RATE of return , *SMALL business , *ACCOUNTING - Abstract
The article reflects on the importance of free enterprise and the individual initiative of the management and employees in the U.S. in light of the World War II. According to the author, the refusal of German chancellor Adolf Hitler to allow private initiative and responsibility is his greatest weakness. The nation faces the challenge of mobilizing individual responsibility, enterprise and initiative for the war effort. The invested-capital basis of computing returns would discriminate against small business.
- Published
- 1942