Management Convention or Shadow-Play

Review of Management May 1971 ments to increase its revenues and declare a dividend, without increasing its prices.
The favourable market situation has encouraged the company to undertake an expansion programme. During the Fourth Plan an additional investment of Rs two crores is envisaged in this LACK of realism and barking up the wrong tree marked the deliberations of the first All-India Management Convention held in mid-February at New Delhi. This could not have been due to ignorance or naivete on the part of those who participated in the convention; most of them are either senior professional managers or hard-headed industrialists or mature academics in the field of management education. Besides, one of the star performers, namely, our Prime Minister, is a consummate politician. The inescapable inference, therefore, is that many of those who spoke did so with tongues in their cheeks for which they must have had their reasons.