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financial+manager

  • 121 management

    Gen Mgt, HR
    the use of professional skills for identifying and achieving organizational objectives through the deployment of appropriate resources. Management involves identifying what needs to be done, and organizing and supporting others to perform the necessary tasks. A manager has complex and ever-changing responsibilities, the focus of which shifts to reflect the issues, trends, and preoccupations of the time. At the beginning of the 20th century, the emphasis was both on supporting the organization’s administration and managing productivity through increased efficiency. Organizations following the models of Henri Fayol and Max Weber built the functional divisions of personnel management, production management, marketing management, operations management, and financial management. At the beginning of the 21st century, those original drivers are still much in evidence, although the emphasis has moved to the key areas of competence such as people management. Although management is a profession in its own right, its skill-set often applies to professionals of other disciplines.

    The ultimate business dictionary > management

  • 122 Berezin, Evelyn

    [br]
    b. 1925 New York, USA
    [br]
    American pioneer in computer technology.
    [br]
    Born into a poor family in the Bronx, New York City, Berezin first majored in business studies but transferred her interest to physics. She graduated in 1946 and then, with the aid of an Atomic Energy Commission fellowship, she obtained her PhD in cosmic ray physics at New York University. When the fellowship expired, opportunities in the developing field of electronic data processing seemed more promising than thise in physics. Berezin entered the firm of Electronic Computer Corporation in 1951 and was asked to "build a computer", although few at that time had actually seen one; the result was the Elecom 200. In 1953, for Underwood Corporation, she designed the first office computer, although it was never marketed, as Underwood sold out to Olivetti.
    Berezin's next position was as head of logic design for Teleregister Corporation in the late 1950s. Here, she led a team specializing in the design of on-line systems. Her most notable achievement was the design of a nationwide online computer reservation system for United Airlines, the first system of this kind and the precursor of similar on-line systems. It was installed in the early 1960s and was the first large non-military on-line interactive system.
    In the 1960s Berezin moved to the Digitronics Corporation as manager of logic design, her work here resulted in the first high-speed commercial digital communications terminal. Also in the 1960s, her involvement in Data Secretary, a challenger to the IBM editing typewriter, makes it possible to regard her as one of the pioneers of word processing. In 1976 Berezin transferred from the electronic data and computing field to that of financial management.
    [br]
    Further Reading
    A.Stanley, 1993, Mothers and Daughters of Invention, Meruchen, NJ: Scarecrow Press, 651–3.
    LRD

    Biographical history of technology > Berezin, Evelyn

  • 123 Curr, John

    [br]
    b. 1756 Kyo, near Lanchester, or in Greenside, near Ryton-on-Tyne, Durham, England
    d. 27 January 1823 Sheffield, England
    [br]
    English coal-mine manager and engineer, inventor of flanged, cast-iron plate rails.
    [br]
    The son of a "coal viewer", Curr was brought up in the West Durham colliery district. In 1777 he went to the Duke of Norfolk's collieries at Sheffield, where in 1880 he was appointed Superintendent. There coal was conveyed underground in baskets on sledges: Curr replaced the wicker sledges with wheeled corves, i.e. small four-wheeled wooden wagons, running on "rail-roads" with cast-iron rails and hauled from the coal-face to the shaft bottom by horses. The rails employed hitherto had usually consisted of plates of iron, the flange being on the wheels of the wagon. Curr's new design involved flanges on the rails which guided the vehicles, the wheels of which were unflanged and could run on any hard surface. He appears to have left no precise record of the date that he did this, and surviving records have been interpreted as implying various dates between 1776 and 1787. In 1787 John Buddle paid tribute to the efficiency of the rails of Curr's type, which were first used for surface transport by Joseph Butler in 1788 at his iron furnace at Wingerworth near Chesterfield: their use was then promoted widely by Benjamin Outram, and they were adopted in many other English mines. They proved serviceable until the advent of locomotives demanded different rails.
    In 1788 Curr also developed a system for drawing a full corve up a mine shaft while lowering an empty one, with guides to separate them. At the surface the corves were automatically emptied by tipplers. Four years later he was awarded a patent for using double ropes for lifting heavier loads. As the weight of the rope itself became a considerable problem with the increasing depth of the shafts, Curr invented the flat hemp rope, patented in 1798, which consisted of several small round ropes stitched together and lapped upon itself in winding. It acted as a counterbalance and led to a reduction in the time and cost of hoisting: at the beginning of a run the loaded rope began to coil upon a small diameter, gradually increasing, while the unloaded rope began to coil off a large diameter, gradually decreasing.
    Curr's book The Coal Viewer (1797) is the earliest-known engineering work on railway track and it also contains the most elaborate description of a Newcomen pumping engine, at the highest state of its development. He became an acknowledged expert on construction of Newcomen-type atmospheric engines, and in 1792 he established a foundry to make parts for railways and engines.
    Because of the poor financial results of the Duke of Norfolk's collieries at the end of the century, Curr was dismissed in 1801 despite numerous inventions and improvements which he had introduced. After his dismissal, six more of his patents were concerned with rope-making: the one he gained in 1813 referred to the application of flat ropes to horse-gins and perpendicular drum-shafts of steam engines. Curr also introduced the use of inclined planes, where a descending train of full corves pulled up an empty one, and he was one of the pioneers employing fixed steam engines for hauling. He may have resided in France for some time before his death.
    [br]
    Bibliography
    1788. British patent no. 1,660 (guides in mine shafts).
    1789. An Account of tin Improved Method of Drawing Coals and Extracting Ores, etc., from Mines, Newcastle upon Tyne.
    1797. The Coal Viewer and Engine Builder's Practical Companion; reprinted with five plates and an introduction by Charles E.Lee, 1970, London: Frank Cass, and New York: Augustus M.Kelley.
    1798. British patent no. 2,270 (flat hemp ropes).
    Further Reading
    F.Bland, 1930–1, "John Curr, originator of iron tram roads", Transactions of the Newcomen Society 11:121–30.
    R.A.Mott, 1969, Tramroads of the eighteenth century and their originator: John Curr', Transactions of the Newcomen Society 42:1–23 (includes corrections to Fred Bland's earlier paper).
    Charles E.Lee, 1970, introduction to John Curr, The Coal Viewer and Engine Builder's Practical Companion, London: Frank Cass, pp. 1–4; orig. pub. 1797, Sheffield (contains the most comprehensive biographical information).
    R.Galloway, 1898, Annals of Coalmining, Vol. I, London; reprinted 1971, London (provides a detailed account of Curr's technological alterations).
    WK / PJGR

    Biographical history of technology > Curr, John

  • 124 Diesel, Rudolph Christian Karl

    [br]
    b. 1858 Paris, France
    d. 1913 at sea, in the English Channel
    [br]
    German inventor of the Diesel or Compression Ignition engine.
    [br]
    A German born in Paris, he was educated in Augsburg and later in Munich, where he graduated first in his class. There he took some courses under Professor Karl von Linde, pioneer of mechanical refrigeration and an authority on thermodynamics, who pointed out the low efficiency of the steam engine. He went to work for the Linde Ice Machine Company as an engineer and later as Manager; there he conceived a new basic cycle and worked out its thermodynamics, which he published in 1893 as "The theory and construction of a rational heat motor". Compressing air adiabatically to one-sixteenth of its volume caused the temperature to rise to 1,000°F (540°C). Injected fuel would then ignite automatically without any electrical system. He obtained permission to use the laboratories of the Augsburg-Nuremburg Engine Works to build a single-cylinder prototype. On test it blew up, nearly killing Diesel. He proved his principle, however, and obtained financial support from the firm of Alfred Krupp. The design was refined until successful and in 1898 an engine was put on display in Munich with the result that many business people invested in Diesel and his engine and its worldwide production. Diesel made over a million dollars out of the invention. The heart of the engine is the fuel-injection pump, which operates at a pressure of c.500 psi (35 kg/cm). The first English patent for the engine was in 1892. The firms in Augsburg sent him abroad to sell his engine; he persuaded the French to adopt it for submarines, Germany having refused this. Diesel died in 1913 in mysterious circumstances, vanishing from the Harwich-Antwerp ferry.
    [br]
    Further Reading
    E.Diesel, 1937, Diesel, derMensch, das Werk, das Schicksal, Hamburg. J.S.Crowther, 1959, Six Great Engineers, London.
    John F.Sandfort, 1964, Heat Engines.
    IMcN

    Biographical history of technology > Diesel, Rudolph Christian Karl

  • 125 Goodyear, Charles

    [br]
    b. 29 December 1800 New Haven, Connecticut, USA
    d. 1 July 1860 New York, USA
    [br]
    American inventor of the vulcanization of rubber.
    [br]
    Goodyear entered his father's country hardware business before setting up his own concern in Philadelphia. While visiting New York, he noticed in the window of the Roxburgh India Rubber Company a rubber life-preserver. Goodyear offered to improve its inflating valve, but the manager, impressed with Goodyear's inventiveness, persuaded him to tackle a more urgent problem, that of seeking a means of preventing rubber from becoming tacky and from melting or decomposing when heated. Goodyear tried treatments with one substance after another, without success. In 1838 he started using Nathaniel M.Hayward's process of spreading sulphur on rubber. He accidentally dropped a mass of rubber and sulphur on to a hot stove and noted that the mixture did not melt: Goodyear had discovered the vulcanization of rubber. More experiments were needed to establish the correct proportions for a uniform mix, and eventually he was granted his celebrated patent no. 3633 of 15 June 1844. Goodyear's researches had been conducted against a background of crippling financial difficulties and he was forced to dispose of licences to vulcanize rubber at less than their real value, in order to pay off his most pressing debts.
    Goodyear travelled to Europe in 1851 to extend his patents. To promote his process, he designed a spectacular exhibit for London, consisting of furniture, floor covering, jewellery and other items made of rubber. A similar exhibit in Paris in 1855 won him the Grande Médaille d'honneur and the Croix de la Légion d'honneur from Napoleon III. Patents were granted to him in all countries except England. The improved properties of vulcanized rubber and its stability over a much wider range of temperatures greatly increased its applications; output rose from a meagre 31.5 tonnes a year in 1827 to over 28,000 tonnes by 1900. Even so, Goodyear profited little from his invention, and he bequeathed to his family debts amounting to over $200,000.
    [br]
    Principal Honours and Distinctions
    Grande Médaille d'honneur 1855. Croix de la Légion d'honneur 1855.
    Bibliography
    15 June 1844, US patent no. 3633 (vulcanization of rubber).
    1853, Gum Elastic and Its Varieties (includes some biographical material).
    Further Reading
    B.K.Pierce, 1866, Trials of an Inventor: Life and Discoveries of Charles Goodyear.
    H.Allen, 1989, Charles Goodyear: An Intimate Biographical Sketch, Akron, Ohio: Goodyear Tire \& Rubber Company.
    LRD

    Biographical history of technology > Goodyear, Charles

  • 126 Norton, Charles Hotchkiss

    [br]
    b. 23 November 1851 Plainville, Connecticut, USA
    d. 27 October 1942 Plainville, Connecticut, USA
    [br]
    American mechanical engineer and machine-tool designer.
    [br]
    After an elementary education at the public schools of Plainville and Thomaston, Connecticut, Charles H.Norton started work in 1866 at the Seth Thomas Clock Company in Thomaston. He was soon promoted to machinist, and further progress led to his successive appointments as Foreman, Superintendent of Machinery and Manager of the department making tower clocks. He designed many public clocks.
    In 1886 he obtained a position as Assistant Engineer with the Brown \& Sharpe Manufacturing Company at Providence, Rhode Island, and was engaged in redesigning their universal grinding machine to give it more rigidity and make it more suitable for use as a production machine. In 1890 he left to become a partner in a newly established firm, Leland, Faulconer \& Norton Company at Detroit, Michigan, designing and building machine tools. He withdrew from this firm in 1895 and practised as a consulting mechanical engineer for a short time before returning to Brown \& Sharpe in 1896. There he designed a grinding machine incorporating larger and wider grinding wheels so that heavier cuts could be made to meet the needs of the mass-production industries, especially the automobile industry. This required a heavier and more rigid machine and greater power, but these ideas were not welcomed at Brown \& Sharpe and in 1900 Norton left to found the Norton Grinding Company in Worcester, Massachusetts. Here he was able to develop heavy-production grinding machines, including special machines for grinding crank-shafts and camshafts for the automobile industry.
    In setting up the Norton Grinding Company, Charles H.Norton received financial support from members of the Norton Emery Wheel Company (also of Worcester and known after 1906 as the Norton Company), but he was not related to the founder of that company. The two firms were completely independent until 1919 when they were merged. From that time Charles H.Norton served as Chief Engineer of the machinery division of the Norton Company, until 1934 when he became their Consulting Engineer.
    [br]
    Principal Honours and Distinctions
    City of Philadelphia, John Scott Medal 1925.
    Bibliography
    Further Reading
    Robert S.Woodbury, 1959, History of the Grinding Machine, Cambridge, Mass, (contains biographical information and details of the machines designed by Norton).
    RTS

    Biographical history of technology > Norton, Charles Hotchkiss

  • 127 Symington, William

    SUBJECT AREA: Ports and shipping
    [br]
    b. 1764 Leadhills, Lanarkshire, Scotland
    d. 22 March 1831 Wapping, London, England
    [br]
    Scottish pioneer of steam navigation.
    [br]
    Symington was the son of the Superintendent of the Mines Company in Lanarkshire, and attended the local school. When he was 22 years old he was sent by Gilbert Meason, Manager of the Wanlockhead mines, to Edinburgh University. In 1779 he was working on the assembly of a Watt engine as an apprentice to his brother, George, and in 1786 he started experiments to modify a Watt engine in order to avoid infringing the separate condenser patent. He sought a patent for his alternative, which was paid for by Meason. He constructed a model steam road carriage which was completed in 1786; it was shown in Edinburgh by Meason, attracting interest but inadequate financial support. It had a horizontal cylinder and was non-condensing. No full-sized engine was ever built but the model secured the interest of Patrick Miller, an Edinburgh banker, who ordered an engine from Symington to drive an experimental boat, 25 ft (7.6 m) long with a dual hull, which performed satisfactorily on Dalswinton Loch in 1788. In the following year Miller ordered a larger engine for a bigger boat which was tried on the Forth \& Clyde Canal in December 1789, the component parts having been made by the Carron Company. The engine worked perfectly but had the effect of breaking the paddle wheels. These were repaired and further trials were successful but Miller lost interest and his experiments lapsed. Symington devoted himself thereafter to building stationary engines. He built other engines for mine pumping at Sanquhar and Leadhills before going further afield. In all, he built over thirty engines, about half of them being rotary. In 1800–1 he designed the engine for a boat for Lord Dundas, the Charlotte Dundas; this was apparently the first boat of that name and sailed on both the Forth and Clyde rivers. A second Charlotte Dundas with a horizontal cylinder was to follow and first sailed in January 1803 for the Forth \& Clyde Canal Company. The speed of the boat was only 2 mph (3 km/h) and much was made by its detractors of the damage said to be caused to the canal banks by its wash. Lord Dundas declined to authorize payment of outstanding accounts; Symington received little reward for his efforts. He died in the house of his son-in-law, Dr Robert Bowie, in Wapping, amidst heated controversy about the true inventor of steam navigation.
    [br]
    Further Reading
    W.S.Harvey and G.Downs-Rose, 1980, William Symington, Inventor and Engine- Builder, London: Mechanical Engineering Publications.
    IMcN

    Biographical history of technology > Symington, William

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