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Business Quotes

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Business Quotes

“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.”

“There are two kinds of second class men in business. There is the man who puts money first and service second. There is the man who puts service first and money second, who never has any money. The first class man in business is the man who is made up out of rolling the other two kinds into one man and working them together.”

“A successful business maximizes the present value of future earnings. The first requirement, therefore, of business success is sustainable profits. One-time winnings, in business as in casinos, are disappointing. We expect more from our investments than that.”

“if you wish to train yourself for higher executive positions, the first thing for you to decide is what you are training for. Ability to dominate or manipulate others? That ought to be easy enough, since most of the magazines advertise sure ways of developing something they call 'personality.' But I am convinced that the first essential of business success is the capacity for organized thinking.”

“What you do is ultimately pointless. You could be replaced any day of the week with the first moron who walks in the door. So work as little as possible, and spend a little time (not too much, though) 'selling yourself' and 'networking' so that you will have backup and will be untouchable (and untouched) the next time the company is restructured.”

“Our planning system was dynamite when we first put it in. The thinking was fresh; the form mattered little. It was idea oriented. We then hired a head of planning, and he hired two vice presidents, and then he hired a planner; and the books got thicker, and the printing more sophisticated, and the covers got harder, and the drawings got better.”

“If you work just for money, you'll never make it, but if you love what you're doing and you always put the customer first, success will be yours.”

“Don't go around saying the world owes you a living. The world owes you nothing. It was here first.”

“I won't close down a business of subnormal profitability merely to add a fraction of a point to our corporate returns. I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect. Adam Smith would disagree with my first proposition and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.”

“You ask whether I have ever been in love: fool as I am, I am not such a fool as that. But if one is only to talk from first-hand experience, conversation would be a very poor business. But though I have no personal experience of the things they call love, I have what is better - the experience of Sappho, of Euripides, of Catallus, of Shakespeare, of Spenser, of Austen, of Bronte, of anyone else I have read.”

“People become really quite remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success.”

“The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”

“In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.”