“Every major industry was once a growth industry. But some that are now riding a wave of growth enthusiasm are very much in the shadow of decline. Others that are thought of as seasoned growth industries have actually stopped growing. In every case, the reason growth is threatened, slowed, or stopped is not because the market is saturated. It is because there has been a failure of management.” Has BeensReasonGrowthCasesGrowingIndustryMajorsShadowManagementMarketingWaveEnthusiasmDeclineRidingThreatenedSaturated Book:Marketing Myopia Source: Marketing Myopia
“It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.” WealthModernIndustryManagementInvestmentMechanismTransformedBankingShareholdersInvestment Banking Book:Crash Proof 2.0: How to Profit From the Economic Collapse Source: Crash Proof 2.0: How to Profit From the Economic Collapse
“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 genuflection toward 'fairness' is a familiar newsroom piety, in practice the excuse for a good deal of autopilot reporting and lazy thinking but in theory a benign ideal. In Washington, however, a community in which the management of news has become the single overriding preoccupation of the core industry, what 'fairness' has often come to mean is a scrupulous passivity, an agreement to cover the story not as it is occurring but as it is presented, which is to say as it is manufactured.” ThinkingMeanStoriesCommunityDealsPracticeTheoryIndustryNewsIdealsManagementExcuseCoreFamiliarLazyAgreementFairnessPietyPreoccupationBenignPassivityAutopilotLazy Thinking Author:Joan Didion
“I never really felt like my age stopped people from wanting to work with me. I was speaking at conferences and lecturing at universities at 18, and I think that was mainly because web developing and management was a really young industry.” PeopleThinkingAgeYoungFeltIndustryManagementUniversityDevelopingConferencesLecturing Author:Matt Mickiewicz
“Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.” IndividualResponsibilityIndustryLowsOrganizationManagementInvestmentInvestingProfitDrivenEnormousManagersFundMutualInvestorsProvidingExploitationShockingSystematicFeesTollsColossalDisserviceMutual FundTurnoverIndex FundsFiduciaryInvestment Management Author:David F. Swensen
“All too often, legacy management practices reflexively perpetuate the past - by over-weighting the views of long-tenured executives, by valuing conformance more highly than creativity and by turning tired industry nostrums into sacred truths.” LongPastViewsCreativityPracticeIndustryManagementSacredTiredLegacyExecutives Author:Gary Hamel
“If you have to control people, you have to have an administrative force that does it. So in U.S. industry, even more than elsewhere, there's layer after layer of management - a kind of economic waste, but useful for control and domination. And the same is true in universities.” PeopleIfsKindDoeForceEconomicIndustryWasteManagementUniversityElsewhereLayersDominationAdministrative Author:Noam Chomsky
“The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.” CultureIndividualIndustrySkillsIllusionManagementInvestmentAberrationInvestment Management Author:Daniel Kahneman
“Stakeholders - meaning workers and community - the CEO could just as well be responsible to them. This presupposes there ought to be management but why does there have to be management? Why not have the stakeholders run the industry?” WellsDoeRunningCommunityIndustryOughtResponsibleManagementWorkersWhy NotCeoBeing ResponsibleStakeholder Author:Noam Chomsky