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The following paper contains the substance of two similar addresses
given on January 24, 1940 before the Chemical Reserve Officers of the
Second Corps Area, U. S. A., under Colonel A. Gibson, C. W. S., U. S.
Army, then Chemical Officer of the Area; and on March 9, 1940 before
Professor Philip Cabot's Week End Conference of Business Executives
at the Harvard Graduate School of Business Administration. On both
occasions the speaker submitted to questions at considerable length. The
substance of the important questions and answers is also incorporated in
Some parts of the background of this paper are contained in the writer's
book "The Functions of the Executive," Harvard University Press, 1938;
in the Brackett Lecture, "Mind in Everyday Affairs," Princeton Uni-
versity Press, 1936, also reprinted as an Appendix in that book; in the
Stafford Little Lecture "Dilemmas of Leadership in the Democratic
Process," Princeton University Press, 1939 and in the Article "Comments
on the Job of an Executive," Harvard Business Review, Spring 1940
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