“New management at Nine has launched a concerted attack on its cost base in order to restore margins through eliminating waste, improving efficiency and lowering programming costs.” OrderCostWasteManagementNineProgrammingEfficiencyImprovingMarginsEliminating Author:James Packer
“No man can be a good citizen unless he has a wage more than sufficient to cover the bare cost of living, and hours of labor short enough so after his day's work is done he will have time and energy to bear his share in the management of the community, to help in carrying the general load.” MenDoneEnoughHelpingEnergyCommunityHoursShareHe ManBearsCitizensCostLaborManagementSufficientLoadTime And EnergyGood CitizenCost Of Living Book:The Complete Works of Theodore Roosevelt Source: The Complete Works of Theodore Roosevelt
“Poor management can increase software costs more rapidly than any other factor. Particularly on large projects, each of the following mismanagement actions has often been responsible for doubling software development costs.” ActionPoorDevelopmentCostProjectsIncreaseResponsibleManagementFollowingFactorsSoftwareSoftware DevelopmentMismanagementPoor Management Author:Barry Boehm
“Thus a new way of finding fluidity will inevitably be imposed on management and labor alike. The profit-sharing, or "progress" sharing union contract is the only possible way of satisfying labor and the consumer without saddling industry with fixed costs that in depression periods can kill off marginal companies like flies.” WayWisdomPoliticsCompanyEconomyProgressIndustryPeriodsCostFindingsLaborManagementUnionsProfitConsumersFixedLiberalismContractsSatisfyingNew WaysFluidityProfit Sharing Author:John Chamberlain
“The computer actually may have aggravated management's degenerative tendency to focus inward on costs.” MayFocusCostComputerManagementTendenciesInwardAggravated Author:Peter Drucker
“Economy denotes the the proper management of materials and of site, as well as a thrifty balancing of cost and common sense in the construction of works. ...the architect does not demand things which cannot be found or made ready without great expense. For example: it is not everywhere that there is plenty of pitsand, rubble, fir, clear fir, and marble... Where there is no pitsand, we must use the kinds washed up by rivers or by the sea... and other problems we must solve in similar ways.” WayWellsKindDoeMadeUseProblemFoundCommonEconomyClearSeaExampleReadyMaterialsCostDemandRiversManagementSolveCommon SensePlentyExpensesConstructionArchitectSiteMarbleRubbleThrifty Author:Marcus Vitruvius Pollio
“Active management is a zero-sum game before cost, and the winners have to win at the expense of the losers.” GamesWinningCostManagementInvestingActiveWinnerExpensesZeroLoserZero Sum GameActive Management Author:Eugene Fama
“Index funds have regularly produced rates of return exceeding those of active managers by close to 2 percentage points. Active management as a whole cannot achieve gross returns exceeding the market as a while and therefore they must, on average, underperform the indexes by the amount of these expense and transaction costs disadvantages.” WholeAchieveReturnAmountCostManagementRateInvestingAverageActiveManagersFundExpensesGrossPercentagesDisadvantagesTransactionsIndex FundsActive Management Author:Burton Malkiel
“Sometimes I hear news about the huge dollars involved with CEO pay and corporate-management salaries, and I'm mystified at how someone can justify taking that much at the cost of other people's livelihoods. In a bizarre way, I'm almost kind of curious, like "How can they absolve themselves and enjoy their wealth?" I don't understand it.” PeopleWayKindSometimesEnjoyWealthPayHugeInvolvedCostNewsManagementDollarsCuriousCorporateJustifyCeoBizarreSalaryLivelihood Author:Eddie Vedder
“One has to understand China correctly. Our management there consists of native Chinese, we produce locally and our suppliers also come from China. In this way, we too can also enjoy the cost advantages.” WayEnjoyProduceCostAdvantageManagementChinaChineseNativeSuppliers Author:Tulsi Tanti
“I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure.” ThinkingWorldCostManagementStrategyStructurePreparedVery GoodInvestorsPassiveProposeEntrepreneurial Author:Bill Ackman
“In evaluating potential vendors, accurately estimating total cost of ownership is critical. Yet, this is often an area where companies don't put the right amount of effort. This tool can help those looking at Warehouse Management Systems get their arms around this key issue.” HelpingEffortCompanyIssuesArmsKeysAmountCostAreasToolsManagementCriticalOwnershipWarehouseVendorsEstimatingManagement Systems Author:Dan Gillmor
“Real benefits come when managers begin to understand the profound difference between 'cost cutting' and 'eliminating the causes of costs'” RealCausesDifferencesBusinessCuttingCostBenefitsEconomicsManagementProfoundManagersEliminating Author:Brian L. Joiner
“I think integrative medicine, something I've pioneered, is the way of the future. Its great promise is that it can reduce healthcare costs by shifting the whole focus of healthcare away from disease management to health promotion and prevention. They can do that two ways: first, by focusing attention on lifestyle medicine, which is very deficient. And second, by bringing into the mainstream treatments that are lower cost because they are not dependent on expensive technology.” ThinkingWayFirstsTwoWholeCan DoAttentionTechnologyFocusPromiseCostDiseaseManagementMedicineLifestyleExpensiveDependentTreatmentHealthcareMainstreamPromotionShiftingTwo WaysPreventionHealth Promotion Author:Andrew Weil
“Authors and publishers want fair compensation and a means of protecting content through digital rights management. Vendors and technology companies want new markets for e-book reading devices and other hardware. End-users most of all want a wide range and generous amount of high-quality content for free or at reasonable costs. Like end-users, libraries want quality, quantity, economy, and variety as well as flexible business models.” WantWellsMeanBookEndsReadingQualityCompanyTechnologyEconomyRightsAmountCostModelsFairsManagementLibraryWideVarietyRangeGenerousReasonableDigitalDevicesQuantityUsersPublishersFlexibleCompensationBook ReadingHigh QualityHardwareBusiness ModelsVendors Author:Tom Peters
“A 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.” UsedHouseGrowsPayTechnologyCostApproachModelsManagementScalesUsed To BeDataExpensiveFundZeroSoftwareCapabilityNetworkingGearsMicrosoftScarceAmazonEnablingStorageDisruptiveServerData Centers Author:Geoffrey Moore
“All businesses require capital, management and labor, and business executives, wanting to grow and maintain profitable enterprises, have a strong incentive to keep costs, including labor, as low as possible.” StrongGrowsCostLowsLaborManagementIncludingEnterpriseExecutivesIncentivesProfitable Author:Kevin O'Leary