TRAINING FOR BUSINESS

Nelson Evening Mail, Volume LXIX, 30 January 1936, Page 9

TRAINING FOR BUSINESS

A SUCCESSFUL EXPERIMENT An editorial note in “The Accountant” (London) mentions that; the Department cf Business Administration of the London School of Economics, which was started in 1930 for an experimental per iod. of five years, has proved so successful that the governors have decided to make it an integral and more permanentpart of the work of the school. From the beginning a number of business firms have been closely associated with the department, giving both their financial support and their active assistance in organising the work, and they have recorded their unanimous opinion that the department has proved itself a success in that it has demonstrated the existence of a demand on the part of students for specialised training for higher business posts, and on the part of business for such students when trained. It has also proved that training, based to a large extent on problems and practices of business and on material gathered found countless business operations can successfully be carried out at a university institution at a post-graduate level.

Some firms are now using the department’s scheme as a means of recruiting graduates, and are in a position to offer appointments each year, while others do so from time to time as vacancies occur.

Now that the department is to be established oil a permanent basis the active co-operation of business will be continued and strengthened by the establishment of a Business Administration Council formed of business men of widely diverse interests with whose assistance an endeavour will be made to maintain the closest contact between the department and the business world. The post-graduate course of training, which is the principal work of the department, extends over one year of full* tiipe . study.: arid includes finance,; statistics, industrial production, marketing, management, accounting, and questions ■of. personnel and business relatipris. 'V The department is planning a series of investigations of current problems to bo conducted bv members of its staff and by research students.