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The article proposes a method of conducting a business policy audit that will help executives determine the nature of a business problem and implement a course of action to solve the problem. The article presents an outline of the process steps and details the actions within the process, including defining the situation, considering the courses if action, adopting and inaugurating a plan, and devising a system of control. The author acknowledges that problems don't happen one at a time, and that this method requires constant readjustment when new factors come into play. The author places an emphasis on the time zoning aspects of the method, as well as the sequence, timing, balance, and convergence and divergence of forces on the process.

The article discusses ability testing measures in business management. Analysts say an effective measure of good management is in its system of organization and control. Control can be defined as the administration of business which provides for proper delegation of authority and allocation of responsibility. Effective planning and foresight are also essential tools in good business. Prior to World War I there was little long term planning displayed by U.S. business enterprises. Analysts say exceptional executives are able to develop multiple business plans in response to varying business conditions.