American Businessman Quotes
The death of Walt Disney is a loss to all the people of the world. In everything he did Walt had an intuitive way of reaching out and touching the hearts and minds of young and old alike. His entertainment was an international language. For more than forty years people have looked to Walt Disney for the finest in family entertainment.
Until I came to IBM, I probably would have told you that culture was just one among several important elements in any organization's makeup and success — along with vision, strategy, marketing, financials, and the like... I came to see, in my time at IBM, that culture isn't just one aspect of the game, it is the game. In the end, an organization is nothing more than the collective capacity of its people to create value.
For over a half century now I've watched office obesity develop into a full-blown, crippling disease. As our office clutter mounts, we're ever more intimidated and frustrated by it. We engineer drainage and removal of water and liquid wastes from society to prevent hazardous buildup, but the effluent that pours into our offices-paper-is never flushed out.
The purpose of this book is to show how economic analysis can be used in formulating business policies. It is therefore a departure from the main stream of economic writings on the theory of the firm, much of which is too simple in its assumptions and too complicated in its logical development to be managerially useful. The big gap between the problems of logic that intrigue economic theorists and the problems of policy that plague practical management needs to be bridged in order to give executives access to the practical contributions that economic thinking can make to top-management policies.
We are not to judge thrift solely by the test of saving or spending. If one spends what he should prudently save, that certainly is to be deplored. But if one saves what he should prudently spend, that is not necessarily to be commended. A wise balance between the two is the desired end.
The market has a simple way of whittling all excessive pride and overblown egos down to size. After all, the whole idea is to be completely objective and recognize what the marketplace is telling you, rather than try to prove that the thing you said or did yesterday or six weeks ago was right. The fastest way to take a bath in the stock market or go broke is to try to prove that you are right and the market is wrong.