The article "What's Your Boss Worth?" {Outlook, Aug 5} was most interesting. Of particular interest was the statement that managers do not believe executives will change the current system of business management based on maximizing the quarterly profit because they blame the workers and not themselves for their competitiveness problems. That is hardly surprising, since no one likes to blame himself for his shortcomings. It is always easier to blame someone else.

It was enlightening to go back to a column by Martin and Kathleen Feldstein {"U.S. Workers Make Great Foreign Cars," op-ed, June 5}. In it, they pointed out that with an essentially identical work force, Japanese auto makers are easily outstripping American manufacturers in productivity, profitability and quality. They state that "the experience of the Japanese auto makers in the United States shows that American workers can produce autos that are every bit as good and every bit as appealing as the autos made by Japanese workers."

The Feldsteins draw the obvious conclusion and one with which I heartily agree. The key to competitiveness by American manufacturers is improved management. This requires a serious rethinking of business philosophy and reordering of priorities. American business managers need to begin giving emphasis to long-term performance and, even, survivability. This means the willingness to forgo some profit today in order to guarantee that the company's competitive position is secured in the future. Without that, they and American workers do not have a chance in competing with Japanese and German businesses. GORDON E. CHRISTENSEN Columbia