PRESIDENT'S LETTER.

The article presents a letter from the President of the Academy of Management regarding the differences in education, research, development, and management between Europe and the U.S. The article discusses the views of Jean-Jacques Sevan Schreiber, author of the book "Le Defi Americain," who predicts that by 1980 the three greatest industrial areas in the world will be the U.S., the USSR, and U.S. business investment in Europe. The author gives suggestions on how Europe can close the gap with the U.S. in education, technology, and management.