EYK1_1 - 1 Is it the truth? Is it fair to all concerned? 2...

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Is it fair to all concerned? Will it build goodwill and better friendships? Will it be beneficial to all concerned? Applying The 4-Way Test Is it the truth? 2 1 3 4
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Contents Introduction History of The 4-Way Test . ................................................................................. 1 The Test goes to school . ...................................................................................... 3 Taking the Test to town . ...................................................................................... 5 The Test is everyone’s business. .......................................................................... 7 Members meet the Test . ....................................................................................... 9 Policy governing reproduction of The 4-Way Test . ............................................ 9 How to order 4-Way Test items . ....................................................................... 10
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Introduction For five decades Rotarians have been using The 4-Way Test as a practical yardstick in their business, community, and personal affairs. The 4-Way Test, you will note, does not provide answers. It asks questions which the user must answer. Thousands of Rotarians have used it and shared it with others. Millions of copies have been distributed to students and business associates. The Test has been carved into granite monuments, displayed on billboards, written into labor contracts, printed on wrapping paper and umbrellas, and has been the theme of countless essay contests and addresses. This publication starts out by giving the history of the creation of The 4-Way Test by Herbert J. Taylor and tells how Rotary clubs around the world have pro- moted use of The 4-Way Test. You are invited to join other clubs in this endeavor.
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1 History of The 4-Way Test The 4-Way Test was conceived by Herbert J. Taylor, a Chicago Rotarian and president of Rotary International in 1954-55. He applied The 4-Way Test to the operation of his company with remarkable results and subsequently shared it with others. The story is told best by Herbert J. Taylor in this description of how the Test came into existence and what effect it had. “Back in 1932 I was assigned, by the creditors of the Club Aluminum Prod- ucts Company, the task of saving the company from being closed out as a bank- rupt organization. “The company was a distributor of cookware and other household items. We found that the company owed its creditors more than $400,000 in excess of its total assets. It was bankrupt but still alive. “At that time we borrowed $6,100 from a Chicago bank to give us a little cash on which to operate. “While we had a good product our competitors also had fine cookware with well-advertised brand names. Our company had some fine people working for it, but our competitors also had the same. Our competitors were naturally in much stronger financial condition than we were. “With tremendous obstacles and handicaps facing us, we felt that we must
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This note was uploaded on 08/22/2009 for the course ACCT 1101 taught by Professor Davescott during the Fall '05 term at Niagara College.

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EYK1_1 - 1 Is it the truth? Is it fair to all concerned? 2...

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