Popular quotes about Management! Wisdom and inspiration are here! | page 23
Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that management didn't have this money out at work ... Now look. Presto! A new fashion! Cash is back in! Denigrating liquidity has dropped quicker than hemlines. A management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. Along with Ben Franklin, my father and your father would understand and applaud this new economic fashion.
Malcolm ForbesGiven the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.
Ben BernankeThe care of a house, the conduct of a home, the management of children, the instruction and government of servants, are as deserving of scientific treatment and scientific professors and lectureships as are the care of farms, the management of manure and crops, and the raising and care of stock.
Catharine BeecherOne can expect the human race to continue attempting systems just within or just beyond our reach; and software systems are perhaps the most intricate and complex of man's handiworks. The management of this complex craft will demand our best use of new languages and systems, our best adaptation of proven engineering management methods, liberal doses of common sense, and a God-given humility to recognize our fallibility and limitations.
Fred BrooksI think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. Its purpose ought to be to illuminate the road, to point out obstacles and potential pitfalls and so assist management to tailor events and to bend them in a desired direction. Forecasting should be used as a device to put both problems and opportunities into perspective. It is a management tool, but it can never be a substitute for strategy, nor should it ever be used as the primary basis for portfolio investment decisions.
Peter CundillI think that the best training a top manager can be engaged in is management by example. I want to make sure there is no discrepancy between what we say and what we do. If you preach accountability and then promote somebody with bad results, it doesn't work. I personally believe the best training is management by example. Don't believe what I say. Believe what I do.
Carlos GhosnYou can teach all sorts of things that improve the practice of management with people who are managers. What you cannot do is teach management to somebody who is not a manager, the way you cannot teach surgery to somebody whose not a surgeon.
Henry MintzbergOur prevailing system of management has destroyed our people. People are born with intrinsic motivation, self-respect, dignity, curiosity to learn, joy in learning. The forces of destruction begin with toddlers - a prize for the best Halloween costume, grades in school, gold stars - and on up through the university. On the job people, teams, and divisions are ranked, reward for the top, punishment for the bottom. Management by Objectives, quotas, incentive pay, business plans, put together separately, division by division, cause further loss, unknown and unknowable.
W. Edwards DemingThe general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.
John C. BogleNo one has more time than you have. It is the discipline and stewardship of your time that is important. The management of time is the management of self; therefore if you manage time with God, he will begin to manage you.
Jill BriscoeThe subject of management is man; the objective of management is the moving of man's mind and will and imagination.
David LilienthalThe primary cause of disorder and lawlessness today, as throughout history, is the poverty of the many in contrast to the affluence of the few. But a new element of unrest has been added: a growing awareness that mass poverty is caused by defective institutions that prevent our harnessing the physical capabilities of science, engineering, management and labor to create general affluence; in other words, a growing awareness that poverty in any country that is or can be industrialized, is man's not nature's fault.
Louis O. KelsoThe prevailing style of management must undergo transformation. A system can not understand itself. The transformation requires a view from outside.
W. Edwards DemingIn the old systems, hierarchies emanate power from above to below through forms of line management and are ideologically supported by cosmologies and theologies featuring celestial rulers and their deputies - the 'rule of the best.'
Catherine WilsonWe believe this approach (progress sharing) is a rational approach because you cooperate in creating the abundance that makes the progress possible, and then you share that progress after the fact, and not before the fact. Profit sharing would resolve the conflict between management apprehensions and worker expectations on the basis of solid economic facts as they materialize rather than on the basis of speculation as to what the future might hold.
Walter ReutherRacism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
Thomas SowellIt is not making better people of others that management is about. It's about making a better person of self. Income, power, and titles have nothing to do with that.
Dee HockWhile political and cultural factors are important as explanations for differences in national technology policy and industrial practices, emergent trends in science, engineering and management are leading to new paradigms for high-technology innovation in both Japan and the United States.
Lewis M. BranscombManagement must take the lead in making obsolete its own products and services rather than waiting for a competitor to do so.
Peter DruckerI've not seen an effective manager or leader who can't spend some fraction of time down in the trenches... If they don't do that they get out of touch with reality, and their whole thought and management process becomes abstract and disconnected.
Jeff BezosWhile we cannot accurately predict the course of climate change in the coming decades, the risks we run if we don't change our course are enormous. Prudent risk management does not equate uncertainty with inaction.
Steven ChuI don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the smart people who can figure it out? How do you train them? What do you teach them? Do you just put them in a cockpit and let them stumble for 10 years of their life and then after that they're good at it?
Robert F. EngleSince 1946, the Cubs have had two problems: They put too few runs on the scoreboard and the other guys put too many. So what is the new management improving? The scoreboard.
George WillI should estimate that in my experience most troubles and most possibilities for improvement add up to the proportions something like this: 94% belongs to the system responsibility of management 6% special
W. Edwards DemingNo amount of training in leadership skills, courses in management methods, power titles, promotions, or associations can substitute for the right attitudes.
Myles MunroeIf we continue to treat content as an extra to information architecture, to content management or to anything else, we miss a bright opportunity to influence users. Content is not a nice-to-have extra. Content is a star of the user experience show. Letโs make content shine.
Colleen JonesShareholders have the right and obligation to set the parameters of corporate behavior within which management pursues profit.
Eliot SpitzerWhat was the more likely cause of the Oklahoma City bombing: talk radio or Bill Clinton and Janet Renos hands-on management of Waco, the Branch Davidian compound?...Obviously, the answer is talk radio. Specifically Rush Limbaughs hate radio....Frankly, Rush, you have that blood on your hands now and you have had it for 15 years.
Keith OlbermannOf course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages.
Henry FordA technology becomes truly disruptive when it drives the marginal cost of something that used to be scarce and expensive to approach zero. Thus, it used to be to deploy software at scale, you had to fund a data center, buy a set of servers, storage, and networking gear, build an in-house IT management capability, and buy an expensive stack of enabling software before you could even get started. Now you can get all that from Amazon or Microsoft on a pay-as-you-grow model.
Geoffrey MooreThis we take it is the grand characteristic of our age. By our skill in Mechanism, it has come to pass, that in the management ofexternal things we excel all other ages; while in whatever respects the pure moral nature, in true dignity of soul and character, we are perhaps inferior to most civilised ages.
Thomas CarlyleDivide and Conquer. As long as some people have commanded the work of others, this has been management's basic principle.
Peter RachleffI certainly do believe anyone engaged in the management of money should have a standard of measurement, and that both he and the party whose money is managed should have a clear understanding why it is the appropriate standard, what time period should be utilized, etc.
Warren BuffettI started a business with two guys I played with, Ronnie Lott and Harris Barton: Champion Ventures, it's a fund of funds. We have $400 million or so under management.
Joe MontanaFrom the very beginning of this movement, Scientology has always been a very closeted organization. That aura of secrecy is something that the present-day management continues.
Lawrence WrightI basically see two reasons for a going public: Glencore gets access to more money. It is a way of funding your business and to finance growth. Plus: You have more liquid shares. It is easier to leave the company and redeem your shares. The 'going public' may also be an exit strategy for the top management.
Marc RichMen desire to have some share in the management of public affairs chiefly on account of the importance which it gives them.
Adam SmithFrom a management standpoint, it is very important to know how to unleash people's inborn creativity. My concept is that anybody has creative ability, but very few people know how to use it.
Akio MoritaIf a man surrenders all power of self-determination in regard to the profits, management or ownership of the place where he works, he not only loses that special prerogative which marks him off from a cow in a pasture, but what is worse, he loses all capacity for determining any work. This is the beginning of a slavery which sometimes goes by the name of security.
Fulton J. SheenThe efficiency of most workers is beyond the control of the management and depends more than has been supposed upon the willingness of men to do their best.
Sumner Slichter