Tremendous strides have been made in business management during the past hundred years. The more important trends bearing on small business are summarized first. Naturally every trend is not of equal significance in all fields. These major trends :
- Increasing size accompanied by greater attention to employee and public relations.
- Decentralization-management from a distance.
- Greater interdependence of all business.
- Closer control and co-ordination.
- Professionalizing of management.
- Greater reliance on research.
- Increased accuracy of the measurement of operations.
