Grappling with inflation
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THE need for accounting methods to be adapted so that studies and comparisons were made on the basis of realistic projections and not on historical data was emphasized at the RTITB's seminar on "Managing during inflation" in Birmingham last week.
Financial, operational, marketing and personnel matters were the subject of papers, but this first major exercise by the Training Board's fee-earning unit was something less than successful in the opinion of some of the senior haulage execu tives present, who felt that the level of lectures was not sufficiently high.
The difficulty in providing a level of material to suit a particular audience was illustrated by the fact that one man present, for example, had never he6rd of the "Dykes Act".
Further seminars on inflation are to be held in the summer, and the experience of this first one may influence these — perhaps in allowing more time for discussion and in undertaking more market research beforehand.