Harvard business reports (1930)

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VULCAN THEATERS CORPORATION 541 There is a third group for which a company might well provide a more general course of study than that required for theater managers and employees. In every large corporation there are many persons who look forward to a lifetime of service with their company. Although occupying quite modest positions, they hope to rise to positions of junior executives and perhaps even higher. Many corporations have found it desirable to offer to such ambitious employees an opportunity to gain a grasp of the business, not obtainable in the usual routine of the day's operations. The bigger problems of company policy, the relationships between this particular company and other companies, the relationships of their particular business to other businesses indirectly allied with them, such as banking, — these are all of interest to this third group. Many of them are interested in the general study of business, and welcome an opportunity for study. The experience of the American Institute of Banking furnishes an illustration of this practice. Something has been done in the motion picture industry by the Academy of Motion Picture Arts and Sciences. A few private schools, designed to meet the requirements of those interested in the motion picture field, have been established throughout the country. The commentator believes that the motion picture industry is dependent upon an active, intelligent, ambitious personnel. Without such a personnel, the future of the industry would be very limited. It is believed further that in such centers as New York and Hollywood, greater effort might be directed toward providing the employees within the companies an opportunity to study the types of problems to which reference has just been made. No greater investment for the welfare of the industry could be made. November, 1929 H. T. L.