Popular quotes about Management! Wisdom and inspiration are here! | page 61
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 ForbesIt's not a question of arriving and putting in a whole new administration, but instead, arriving and "compacting" things as much as possible, reducing management layers. We want as few management layers as possible, so that executives are very close to the operations. We also don't believe in having big corporate infrastructures.
Carlos SlimThe one thing I will say is management is management. Culture is culture. You have to have a formula for those things. You have to believe in what you do and how you do it, but then you go to different environments and you have to be willing to adapt. You have to be willing to tweak things based on where you are.
Pete LemboThe first myth of management is that it exists. The second myth of management is that success equals skill.
Robert HellerWhen things go wrong, the standard management strategy is to decide who takes the blame. This should be an underling, as far down the chain as possible, but preferably with some visibility so people know management means business.
Jack McDevittI 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 CundillYou 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 MintzbergJapanese management practices succeed simply because they are good management practices. This success has little to do with cultural factors. And the lack of cultural bias means that these practices can be - and are - just as successfully employed elsewhere.
Masaaki ImaiGenerally, management of many is the same as management of few. It is a matter of organization. And to control many is the same as to control few. This is a matter of formations and signals.
Sun TzuManaging innovation will increasingly become a challenge to management, and especially to top management, and a touchstone of its competence.
Peter DruckerThere are two ways of confronting the country's problems.One is through a management style based on adventurism, instability, play-acting, exaggerations, wrongdoing, being secretive, self-importance, superficiality and ignoring the law. The second way is based on realism, respect, openness, collective wisdom and avoiding extremism.
Mir-Hossein MousaviGovernment ought to be as much open to improvement as anything which appertains to man, instead of which it has been monopolized from age to age, by the most ignorant and vicious of the human race. Need we any other proof of their wretched management, than the excess of debts and taxes with which every nation groans, and the quarrels into which they have precipitated the world?"
Thomas PaineThe demagogue is usually sly, a detractor of others, a professor of humility and disinterestedness, a great stickler for equality as respects all above him, a man who acts in corners, and avoids open and manly expositions of his course, calls blackguards gentlemen, and gentlemen folks, appeals to passions and prejudices rather than to reason, and is in all respects, a man of intrigue and deception, of sly cunning and management.
James F. CooperThe biggest barriers to strategic renewal are almost always top management's unexamined beliefs.
Gary HamelThe American business man cannot consider his work done when he views the income balance in black at the end of an accounting period. It is necessary for him to trace the social incidence of the figures that appear in his statement and prove to the general public that his management has not only been profitable in the accounting sense but salutary in terms of popular benefits.
Colby Mitchell ChesterIt 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 HockMost of what we call management consists of making it difficult for people to get their work done.
Peter DruckerI recognized that teaching and research institutions vitally depend on the involvement of active scientists also in management functions.
Richard ErnstAsset management CEOs globally are looking at their business models. They're looking at costs, they're looking at making their businesses more efficient, because they're seeing revenues under pressure all over the world.
Martin GilbertIndeed, better risk management may be the only truly necessary element of success in banking.
Alan GreenspanPeople who are bad at time management. If you say you're going to be somewhere at a certain time, be there!
Mike HollowayManagement is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant.
Peter DruckerTo successfully respond to the myriad of changes that shake the world, transformation into a new style of management is required. The route to take is what I call profound knowledge, knowledge for leadership of transformation.
W. Edwards DemingA simple rule applies: if you don't quickly comprehend what a company is doing, then management probably doesn't either.
Seth KlarmanA primary task of management in the developed countries in the decades ahead will be to make knowledge productive.
Peter DruckerOur second phase was to develop a school curriculum that teaches tolerance, respect for differences, conflict resolution, anger management, and other attributes of peace.
Eddie Bernice JohnsonThe ways in which management can express appreciation for an employee's contribution are without end; the key is to act in ways that communicate Thanks! That was a great job! We can really count on you! It's great having you here! While some people love having plaques to hang on their personal Wall of Fame and they adore being acknowledged at a formal Recognition Banquet and some people are only interested in money, I find the most effective forms of recognition are personal and either spontaneous or very close in time to a significant accomplishment.
Judith M BardwickA Yale University management professor in response to student Fred Smith's paper proposing reliable overnight delivery service: The concept is interesting and well-formed, but in order to earn better than a 'C', the idea must be feasible.
Frederick W. SmithTo paraphrase the late management thinker and writer, Peter Drucker, thinking is hard work, which is why so few people (including actually senior managers) do it. Once there is some "conventional," seemingly-reasonable story, people just accept it and don't ask, "is this actually true? Is it consistent with the data?" And this extends to the highest reaches of organizational life.
Jeffrey PfefferEvery winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool โ remove one and the stool will fall, together with the person who sits on it.
Alexander ElderI think time management and dedication are the main factors along with being an organized person. To say I was highly ambitious would be an understatement. I'm never one to sit around, I always have to be creating in various facets to keep myself entertained.
Ashley PurdyHigher education is the place where people who had big plans in high school get stuck in fierce rivalries with equally smart peers over conventional careers like management consulting and investment banking. For the privilege of being turned into conformists, students (or their families) pay hundreds of thousands of dollars in skyrocketing tuition that continues to outpace inflation. Why are we doing this to ourselves?
Peter ThielOver the long haul, salespeople come and go, but having top-shelf management in place is the ultimate answer.
Jason JordanManagement problems are not respecters of the company organization, nor of the talents of the people appointed to solve them.
Anthony Stafford BeerFrom 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 you want to make better theory, you've got to use the best that's available and look through the lens of another discipline to see if you can uncover more anomalies. By looking at the phenomena of failure from the perspective of sales, marketing, finance, general management, and the equity markets, I was able to see things that Rebecca [Henderson] hadn't.
Clayton ChristensenOne of the things I've had the advantage of, growing up and being close to the top management of this company and other companies for most of my life, is seeing how CEOs start to believe in their own infallibility. And that really scares me.
Bill FordI think football management has obviously changed and evolved in terms of practices and methods, but I would say the values we strive to hold are the same as great men like Bill Shankly and Bob Paisley.
Brendan RodgersKnowledge is theory. We should be thankful if action of management is based on theory. Knowledge has temporal spread. Information is not knowledge. The world is drowning in information but is slow in acquisition of knowledge. There is no substitute for knowledge.
W. Edwards Deming