“A firm, therefore, consists of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur... As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organising additional transactions within the firm may rise.” MayExistenceReturnCostResourcesFunctionEntrepreneurFirmDependentTransactions Author:Ronald Coase
“Will customers keep supporting the enormous overhead required to sustain ineffectual, unproductive stock picking across an array of thousands of individual funds devoted to every investing 'style' and economic sector or regional subgroup that some marketing idiot can dream up? Not likely. A brutal shakeout is coming and one of its revelations will be that stock picking is a grossly overrated piece of the puzzle, that cost control is what distinguishes a competitive firm from an uncompetitive one.” DreamIndividualPiecesEconomicStyleCostInvestingMarketingCustomersEnormousIdiotFirmRevelationsFundDevotedBrutalPuzzlesOverratedOverheadUnproductive Author:Holman W. Jenkins, Jr.
“I am a firm believer in the mission of the health centers, which offer cost-effective comprehensive primary and preventive services to at-risk people.” PeopleRiskCostOffersMissionsBelieverPrimariesFirmComprehensive Author:Tim Ryan
“Not wasting energy. It is the least sexy, but the single most important and always the least expensive. You would be very interested in a report by the McKinsey consulting firm that concluded that 40 percent of everything that we have to do to mitigate our emissions are net economic winners. They are cost effective and the most cost effective is not wasting energy. That's actually going to be the largest part of this whole journey, I believe - using less energy with the same beneficial results.” BelieveImportantWholeWould BeEnergyI BelieveResultsJourneyEconomicCostPercentSexyWinnerFirmExpensiveReportsBeneficialEmissionsConsulting Author:Jay Inslee
“The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.” IndividualTechnologyCuttingProductsCostDemandGloryEssenceMeetingsConsumersFirmGoodsProgressiveEfficientImprovingCompetingFree MarketAdvancingGoods And ServicesOrchestration Book:For a New Liberty: The Libertarian Manifesto Source: For a New Liberty: The Libertarian Manifesto
“Truly world-class firms are always examining their business processes and continuously seeking solutions to improve in key areas, such as lead time reduction, cost cutting, exceeding customer expectations, streamlining processes, shortening time to market for new products, and managing the global operation.” WorldProcessClassCuttingProductsKeysCostSolutionsExpectationsAreasSeekingCustomersFirmOperationsReductionExaminingWorld ClassNew ProductsStreamlining Author:Daniel Baldwin
“There would be a cost for dumping carbon into our atmosphere and a cap on total emissions. The government must make a clear and firm decision - terminating the idea in our society it is free to pump infinite amounts of carbon into the air. Once that happens, private capital will flow even more aggressively into developing and deploying the alternative, less-polluting technologies.” IdeasGovernmentHappensWould BeDecisionTechnologyClearAirAmountCostFlowInfiniteAlternativesDevelopingAtmosphereFirmOur SocietyCarbonCapsEmissionsPumpsDeployingFirm Decisions Author:Van Jones
“When I have seen by Time's fell hand defaced The rich proud cost of outworn buried age; When sometime lofty towers I see down-razed And brass eternal slave to mortal rage; When I have seen the hungry ocean gain Advantage on the kingdom of the shore, And the firm soil win of the watery main, Increasing store with loss and loss with store; When I have seen such interchange of state, Or state itself confounded to decay; Ruin hath taught me thus to ruminate, That Time will come and take my love away. This thought is as a death which cannot choose But weep to have that which it fears to lose.” StatesHandsAgeWinningLosesLossRichTaughtProudCostOceanEternalGainsAdvantageSlaveStoresRageHungryKingdomsRuinsMortalsFirmSoilShoreBuriedDecayTowersLoftyBrassInterchange Book:Shakespeare’s Sonnets: The Problems Solved Source: Shakespeare’s Sonnets: The Problems Solved