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Management Quotes

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Management Quotes

“With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.”

“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”

“We scientists can argue forever about important topics like slightly different flavors of vanilla ice cream. Consider the silliness of this debate: one group of scientists found a 90% decline of big fish and criticized fishery management. Some other scientists found an 80% decline and started a big argument with the 90% people. Who cares if it's 80% or 90%? The real question is whether it's OK to let fishermen take most of the big fish out of our oceans.”

“'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.”

“Management is clearly different from leadership. Leadership is primarily a high-powered, right-brain activity. It's more of an art it's based on a philosophy. You have to ask the ultimate questions of life when you're dealing with personal leadership issues.”

“I only worked on that one movie, but then quickly realized that the path of being an assistant director was not gonna get me to producing. It's a different path coming up through production management and then line producing. So I basically was in the position where I was going to take any job that felt creative, like the one I got, which was reading scripts and writing coverage. So even though I was taking a job where I was making less money than the job immediately prior, it seemed like the right thing for me.”

“Now we're in a very different economy. Throughout the late 1980s and 1990s American management started to do the right things. There was extraordinary investment in technology. The dominant questions now are less how to do it better, how to manage better, how to make the economy better, than how to have fuller and more meaningful lives. Because the irony is, now that we've come through this great transition, even though our organizations and our people are extraordinarily productive, many feel that the nonwork side of life is very thin.”

“There is a lot of management going on with directing. Maybe that was the biggest surprise-just the amount of tending that I had to do. The different personalities . . . It's not my way, and it's never been my function before as a writer. I tend to be a moody and somewhat withdrawn person, and I felt very clearly that I had to throw that away because that wasn't allowed here - there were other people who were going to be filling that role. Sometimes it became exhausting, especially around the eleventh hour of the day.”

“People ask me, how is managing in the New Economy different from managing in the Old Economy? Actually, it's a lot the same. It's about the financial discipline of the bottom line, understanding your customers, segmenting your customers by their needs, and building a world-class management team.”

“People are not "things" to be manipulated, labeled, boxed, bought, and sold. Above all else, they are not "human resources." They are entire human beings, containing the whole of the evolving universe, limitless until we start limiting them. We must examine the concept of leading and following with new eyes. We must examine the concept of superior and subordinate with increasing skepticism. We must examine the concept of management and labor with new beliefs. And we must examine the nature of organizations that demand such distinctions with an entirely different consciousness.”

“Virtually every company will be going out and empowering their workers with a certain set of tools, and the big difference in how much value is received from that will be how much the company steps back and really thinks through their business processes, thinking through how their business can change, how their project management, their customer feedback, their planning cycles can be quite different than they ever were before.”

“In 1902 I left the A.E.G. in order to enter finance. I joined the management of one of our big banks, the Berliner Handelsge-Sellschaft, and reorganized a great part of its industrial undertakings. I gained an insight into German and foreign industry, and belonged at that time to nearly a hundred different concerns. To recognize and create a demand is the secret of all sound business.”

“Drama is the most difficult of all arts. In it two things are to be satisfied - first, the ears, and second, the eyes. To paint a scene, if one thing be painted, it is easy enough; but to paint different things and yet to keep up the central interest is very difficult. Another difficult thing is stage - management, that is, combining different things in such a manner as to keep the central interest intact.”

“I was working with these very long-chain ... extended-chain polymers, where you had a lot of benzene rings in them. ... Transforming a polymer solution from a liquid to a fiber requires a process called spinning. ... We spun it and it spun beautifully. It [Kevlar] was very strong and very stiff-unlike anything we had made before. I knew that I had made a discovery. I didn't shout "Eureka!" but I was very excited, as was the whole laboratory excited, and management was excited, because we were looking for something new. Something different. And this was it.”