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CONSTITUTION
I. NAME
SOCIETY FOR ADVANCEMENT OF MANAGEMENT, INC.
II. PURPOSE
The purposes of this Society, as stated in its charter, are:
Through research, discussion, publication, and other appropriate means to conduct and promote
scientific study of the principles governing organized effort in industrial and economic life, including
both labor and management; and to impart to the public information concerning said principles and
their various applications for the general betterment of society, particularly by, but not limited to,
elimination of unnecessary effort and unduly burdensome toil; and to receive, invest, reinvest and
administer funds or other property exclusively for the above described scientific, educational and
charitable purposes.
PREAMBLE
The mission of any organization that serves the public is the task of serving it well with values that can
satisfy the legitimate desires of the group served. This mission must be accomplished at a cost that will
make possible a competitive profit; a healthy cash flow within business organizations is a requisite for a
growth economy. The Society sees no conflict between the service objective and the profit objective of
the business organization. It believes that these are complementary concepts under any economic or
social philosophy, whether it is based on state capitalism, private capitalism, or some combination of
them. It believes that this is true so long as business operations conform with public policy, and are in
consonance with accepted business ethics in the particular economy. It believes further that under any
economic philosophy, a profit is a reward of capital for a successful acceptance of business risk in the
rendering of an economic service. Since values are satisfactions of needs, both economic and noneconomic organizations should operate profitably, in the sense of producing surplus values.
Leadership is a major factor in the accomplishment of its mission by any organization. Management is
the work of executive leadership. The success of a modern industrial society and, therefore, the
development or maintenance of high living standards for its citizens, depends on a continuous
improvement in the quality and managerial effectiveness of all business and governmental executives.
The Society for Advancement of Management is an organization whose activities contribute broadly to
professional improvement of the field of Management. An important activity is adult education. SAM is
in a unique position to contribute effectively to executive development, particularly at the community
level. The Society asserts, therefore, that it has the following mission.
SAM's MISSION
To provide an opportunity for the members to increase management skills and expertise through
participation in programs and services designed to improve the professional quality of their knowledge,
performance, and leadership ability.
SAM's FOCUS & VISION
The Society for Advancement of Management strives to be a leading edge management organization for
facilitating learning, personal and professional development, and a network necessary to compete in
today's global business environment. Our primary customers are Managers who wish to be informed on
the practice of good management, Academicians interested in the applied practice of management
through education, research, and training, and Students who aspire to management careers. By
promoting and facilitating interaction among these three groups, we believe the art and science of
management practice can be advanced to new levels of quality and effectiveness.
III. MEMBERS
The members of this Society shall consist of the members in good standing as of December 31, 1935, of
the Taylor Society of Industrial Engineers (a membership corporation of the District of Columbia), and of
such additional members as shall thereafter be admitted in the matter prescribed in the bylaws.
IV. GOVERNMENT
The affairs of the Society, including the establishment and implementation of policy, shall be the
responsibility and duty of the Board of Directors.
V. NON-PROFIT NATURE
No part of the net earnings of the Society shall inure to the benefit of any member or individual; and no
member, officer or employee of the Society shall be entitled to receive any income or profit therefrom,
except reasonable compensation for services actually rendered in affecting one or more of the purposes
of the Society. The Society shall not carry on propaganda, or otherwise attempt to influence legislation.
VI. AMENDMENTS
This Constitution may be amended by vote of two-thirds of the Board of Directors voting in person or by
mail at any regular or special meeting of that Board, provided the proposed amendment shall have been
considered at a previous meeting of the Board, and shall have been published in a circular developed
specifically for that purpose or any general publication of the Society sent to all members at least thirty
days prior to the meeting of the Board at which the final vote on the amendment is taken.
I. NAME
SOCIETY FOR ADVANCEMENT OF MANAGEMENT, INC.
II. PURPOSE
The purposes of this Society, as stated in its charter, are:
Through research, discussion, publication, and other appropriate means to conduct and promote
scientific study of the principles governing organized effort in industrial and economic life, including
both labor and management; and to impart to the public information concerning said principles and
their various applications for the general betterment of society, particularly by, but not limited to,
elimination of unnecessary effort and unduly burdensome toil; and to receive, invest, reinvest and
administer funds or other property exclusively for the above described scientific, educational and
charitable purposes.
PREAMBLE
The mission of any organization that serves the public is the task of serving it well with values that can
satisfy the legitimate desires of the group served. This mission must be accomplished at a cost that will
make possible a competitive profit; a healthy cash flow within business organizations is a requisite for a
growth economy. The Society sees no conflict between the service objective and the profit objective of
the business organization. It believes that these are complementary concepts under any economic or
social philosophy, whether it is based on state capitalism, private capitalism, or some combination of
them. It believes that this is true so long as business operations conform with public policy, and are in
consonance with accepted business ethics in the particular economy. It believes further that under any
economic philosophy, a profit is a reward of capital for a successful acceptance of business risk in the
rendering of an economic service. Since values are satisfactions of needs, both economic and noneconomic organizations should operate profitably, in the sense of producing surplus values.
Leadership is a major factor in the accomplishment of its mission by any organization. Management is
the work of executive leadership. The success of a modern industrial society and, therefore, the
development or maintenance of high living standards for its citizens, depends on a continuous
improvement in the quality and managerial effectiveness of all business and governmental executives.
The Society for Advancement of Management is an organization whose activities contribute broadly to
professional improvement of the field of Management. An important activity is adult education. SAM is
in a unique position to contribute effectively to executive development, particularly at the community
level. The Society asserts, therefore, that it has the following mission.
SAM's MISSION
To provide an opportunity for the members to increase management skills and expertise through
participation in programs and services designed to improve the professional quality of their knowledge,
performance, and leadership ability.
SAM's FOCUS & VISION
The Society for Advancement of Management strives to be a leading edge management organization for
facilitating learning, personal and professional development, and a network necessary to compete in
today's global business environment. Our primary customers are Managers who wish to be informed on
the practice of good management, Academicians interested in the applied practice of management
through education, research, and training, and Students who aspire to management careers. By
promoting and facilitating interaction among these three groups, we believe the art and science of
management practice can be advanced to new levels of quality and effectiveness.
III. MEMBERS
The members of this Society shall consist of the members in good standing as of December 31, 1935, of
the Taylor Society of Industrial Engineers (a membership corporation of the District of Columbia), and of
such additional members as shall thereafter be admitted in the matter prescribed in the bylaws.
IV. GOVERNMENT
The affairs of the Society, including the establishment and implementation of policy, shall be the
responsibility and duty of the Board of Directors.
V. NON-PROFIT NATURE
No part of the net earnings of the Society shall inure to the benefit of any member or individual; and no
member, officer or employee of the Society shall be entitled to receive any income or profit therefrom,
except reasonable compensation for services actually rendered in affecting one or more of the purposes
of the Society. The Society shall not carry on propaganda, or otherwise attempt to influence legislation.
VI. AMENDMENTS
This Constitution may be amended by vote of two-thirds of the Board of Directors voting in person or by
mail at any regular or special meeting of that Board, provided the proposed amendment shall have been
considered at a previous meeting of the Board, and shall have been published in a circular developed
specifically for that purpose or any general publication of the Society sent to all members at least thirty
days prior to the meeting of the Board at which the final vote on the amendment is taken.