“Firms don't just try to pay as little as possible to get the needed bodies on board; when there is unemployment, they ask themselves how wage cuts would affect the behavior of the employees. Would they quit or feel dissatisfied and work less hard on the firm's behalf if they feel that wage policies are unfair?” IfsFeelsTryingLittlesHardBodyAsksPayCuttingPolicyNeededBehaviorQuittingFirmBoardsEmployeeUnfairUnemploymentBehalfDissatisfied Author:Janet Yellen
“You don't win an Olympic gold medal with a few weeks of intensive training. There's no such thing as an overnight opera sensation. Great law firms or design companies don't spring up overnight... Every great company, every great brand, and every great career has been built in exactly the same way: bit by bit, step by step, little by little.” WayLittlesHas BeensMotivationalLawWinningBitsCompanyStepsCareersWeekDesignSpringTrainingBuiltGoldBrandsFirmSensationsOperaMedalGold MedalsGreat CompanyLaw Firms Author:Seth Godin
“In the periods of crisis, the bigger firms absorb the smaller ones,and when the industrial monsters eventually go down, the wreckage is far greater than when the little enterprises buckle.” LittlesGreaterPeriodsBiggerCrisisMonstersFirmEnterpriseWreckageBuckles Book:The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers Source: The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers