Actully these are mire than 100 quotes arranged across 20+ important business topics. Look out for the quick guides to Mission Statements and Pricing at the bottom of this article. This guide is from The Success Manual, The Encyclopedia of Advice . A list of all the articles in the series on one page can be accessed here. You will also want to read 100 ways to be remarkable, articles from The Success Manual.
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Co-workers detest screamers.
Information overload will lead to ‘future shock syndrome’ as an individual will suffer severe physical and mental disturbances.
- Alvin Toffler
(E-mail) is a $650 Billion Drag on the Economy.
- The New York Times, 2007
Information Overload = "information pollution"
- Jakob Nielsen, usability expert
The effect: Email overload is a big menace for business productivity.
- Everyone is emailing so much
- SPAM, dangerous attachments, lengthy reports, presentations (like this one), media files...
Stratify suppliers into those that: a) must be paid currently, b) accept late payment occasionally, c) take late payment as a matter of informal policy.
- James Wicker
Choose a job that you like and you will never have to work a day in your life
Beware the manager who proclaims to the world he is a long-termer beginning today.
- Thomas Boone Pickens Jr.
He got a corporation mind. He don't believe in nature; he puts his trust and distrust in man.
- Norman Mailer
Don't be irreplaceable. If you can't be replaced, you can't be promoted.
Executive: A man who can make quick decisions and is sometimes right.
- Frank McKinney Hubbard
"No, no, no, Lisa. If adults don't like their jobs, they don't go on strike. They just go in every day and do it really half-assed
- Homer Simpson
A bad reference is as hard to find as a good employee.
- Robert Half
Evaluating a Company
“Warren Buffet once said that if he wants to find out how a company is doing, he doesn't listen to security analysts. They talk profit, which is irrelevant. He listens to bank credit analysts. They talk cash flow.”
- Peter F. Drucker
It's not the employer who pays the wages - he only handles the money. It is the product that pays wages.
- Henry Ford
No manufacturing company will ever do well if they are concerned only with calculating profits.
- Shoichiro Honda
When we finish our product development program, we raise our heads and look around to see what to invent next.
– Ed McCracken
In the era of globalization, plants tend to be focused in terms of product, robotized in terms of technology, and diversified in terms of markets served.
- Paul W. Beamish
If Honda does not race there is no Honda.
- Soichiro Honda
At the heart of capitalism’s troubles lies executive pay.
- The Economist
Outsiders think of Silicon Valley as a success story, but in truth, it is a graveyard. Failure.. is Silicon Valley's greatest strength. Every failed product or enterprise is a lesson stored in the collective memory of the country. We not only don't stigmatize failure, sometime we even admire it. Venture Capitalists actually like to see a little failure in the resumes of entrepreneurs.
- Mike Malone
The World of Technology thrives best when individuals are left alone to be different, creative, and disobedient.
– Don Valentine
Any engineer that doesn't need to wash his hands at least three times a day is a failure.
- Shoichiro Toyoda
Computers can figure out all kinds of problems, except the things in the world that just don’t add up.
- James Magary
On the Internet, nobody knows you're a dog.
- Peter Steiner, cartoon in The New Yorker,
Technology has its uses but it is not fascinating like art.
- Hannah, 17, Survey of youth, by Phatgnat
PCMCIA - People can't memorize computer industries acronyms
- Andrew Grove
Collective intelligence. Think of how Wikipedia works, how Amazon harnesses user annotation on its site, the way photo-sharing sites like Flickr are bleeding out into other applications...We're entering an era in which software learns from its users and all of the users are connected.
- Tim O'Reilly
Dyson’s Law: Do ask; don’t lie.
- Esther Dyson
Computers make people stupid.
- David Gelernter
There’s always a faster gun.
- Dennis Overbye
Eno’s first law
Culture is everything we don’t have to do.
Using is believing.
- Izumi Aizo
Information wants to be free. Information also wants to be expensive.
- Stewart Brand
More data is good, and drives out the bad.
- Charles Arthur
What changes the world is communication, not information.
If you don’t understand something, it’s because you aren’t aware of its context.
- Richard Rabkin
Physical universes are user interfaces for minds.
- Donald Hoffman
Science is the only news. When you scan through a newspaper or magazine, all human interest stuff is the same old he-said-she-said, the politics and economics the same sorry cyclic dramas, the fashions a pathetic illusion of newness, and even the technology is predictable if you know the science. Human nature doesn’t change much; science does, and the change accrues, altering the world irreversibly.
- Stewart Brand
The march of the human mind is slow.
- Edmund Burke
Humans change themselves through technology.
- Jaron Lanier
First your home is a constant, while the Net is a place you go; then the Net becomes a constant, while your home is a place you go.
- Bruce Sterling
“Communication media enabled collective action on new scales, at new rates, among new groups of people, multiplied the power available to civilizations and enabled new forms of social interaction. The alphabet enabled empire and monotheism, the printing press enabled science and revolution, the telephone enabled bureaucracy and globalization, the internet enabled virtual communities and electronic markets, the mobile telephone enabled smart mobs and tribes of info-nomads. ”
- Howard Rheingold
The Internet is like alcohol in some sense. It accentuates what you would do anyway. If you want to be a loner, you can be more alone. If you want to connect, it makes it easier to connect.
- Esther Dyson
The web is just going to be one more of those major change factors that businesses face every decade.
- Steve jobs
An important technology first creates a problem and then solves it.
- Alan Kay
The guy with the competitive advantage is the one with the best technology.
- Walter Wriston
The cost of electronics in a modern car now exceeds the cost of its stall.
- Nicholas Negroponte
You must accept that if the computer is a tool, it is the job of tool user to know what to use it for.
- Peter Drucker
A computer can tell you to the dime what you've sold, but it can never tell you how much you could have sold.
90% of all technical problems are related to power and ground. Unplug it, turn it off, check for batteries, etc.
- John Kembel
Go ahead and fail. But fail with wit, fail with grace, fail with style. A mediocre failure is as insufferable as a mediocre success. Embrace failure. Seek it out. Learn to love it.
- Tom Robbins
The Learning person looks forward to failure or mistakes.
- Warren Bennis
I skate to where the puck is going to be, not where it has been.
- Wayne Gretzky
While hard data may inform the intellect, it is largely soft data that generates wisdom.
- Henry Mintzberg
Your job is to ask, How could we do it? How could we do it better? How could we do it cheaper? How else could we do it?
- Ben Krofchak
Everybody gets so much information all day long that they lose their common sense.
- Gertrude Stein
Prediction is very difficult, especially about the future.
- Niels Bohr (1885-1962)
There is nothing so horrible in nature as to see a beautiful theory murdered by an ugly gang of facts
- Benjamin Franklin
Abraham Lincoln did not go to Gettysburg having commissioned a poll to find out what would sell in Gettysburg. There were no people with percentages for him, cautioning him about this group or that group or what they found in exit polls a year earlier. When will we have the courage of Lincoln?
- Robert Coles
Good design can't fix broken business models.
- Jeffrey Veen
In a knowledge economy there are no such things as conscripts - there are only volunteers. The trouble is we have trained our managers to manage conscripts
- Peter Drucker
Hipness is the only asset that matters.
- Paul Saffo, futurist, on Apple
I feel real pressure to have all the best brands and labels, not just from my mates but from adverts and the way things are sold to us.
— Andy, 16, Survey of youth, by Phatgnat
I don’t meet competition, I crush it.
- Charles Revson
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs. Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't under-estimate the value of that, but they're not designed to take care of social needs.
- George Soros, International Financier
Everyone must believe that the customer is the key to the business, and be willing to do whatever it takes to impress the buyer.
The parking is easy, there are no checkout lines, we are open 24 hours a day and we deliver to your house.
If you like our service, tell others.
If you don't, tell us.
- Notice posted in a restaurant
Sign posted in a customer service department:
Suppose we refund your money,
send you another one without charge,
close the store, and have the manager shot.
Would THAT be satisfactory?!
Villages are small and personal, and their inhabitants have names, characters, and personalities. What more appropriate concept on which to base our institutions of the future than the ancient social unit whose flexibility and strength substained human society through millenia?
- Charles Handy, leadership and management scholar
Letting your customers set your standards is a dangerous game, because the race to the bottom is pretty easy to win. Setting your own standards--and living up to them--is a better way to profit. Not to mention a better way to make your day worth all the effort you put into it.
- Seth Godin
There is only one boss, and that is the Customer, and he can fire everybody from the chairman on down, simply by spending his money somewhere else.
- Sam Walton
Today’s typical customer wants only two things:
1. Good feelings
2. Solutions to problems
- Michael LeBoeuf, Ph.D., author
Are Your Customers saying WOW?
- Tom Peters
The Customer is not a moron. She is your wife.
- David Ogilvy
I look in my closet, and if I need it, I design it. If it works for me, it works customer.
- Donna Karan
If the shoe doesn't fit, must we change the foot?
- Gloria Steinam
It is possible to tell a customer "no", and have the customer thank you for doing it
- Phil Knight
The consumer is always right.
- Gordon Selfridge
In the customer economy, the key resource is knowledge about and relationship with customers.
With every decisions we make, the last question we ask is what does the consumer think of this.
- Niall Fitzerald
If I had a brick for every time I've repeated the phrase 'Quality, Service, Cleanliness and Value', I'd probably be able to bridge the Atlantic Ocean with them.
- Ray Kroc
Perception is all there is. If the customer think he's right, he's right.
- Tom Peters
Counter Rule: It's not always worth it to bend over backwards to a customer who think he's right. There are costs associated with pleasing to perfection.
Perception can be changed
- Phil Knight
The customer is God.
You have not done enough, you have never done enough, so long as it is still possible that you have something to contribute.
- Dag Hammarskjold
The idea of intimately entwining with customers [to get ideas] is an idea whose time has come.
– Tom Peters
New technologies make it possible for even the mass marketer to assume the role of a small proprietor, doing business again wit individuals, one at a time.
- Don Peppers and Martha Rogers
We are in the lifestyle business.
We always look at things, then I'll make up our minds.
- a female respondent in an Australian survey of women's roles in purchasing decisions
All we need is love.
– The Beatles
Don’t hire a dog, and then bark yourself.
- David Ogilvy
Microsoft has had clear competitors in the past. It’s good that we have museums to document them.
- Bill Gates
The kind of people I look for to fill top management spots are the eager beavers, the mavericks. These are the guys who try to do more than they're expected to do -- they always reach.
- Lee Iacocca
Visit a small business. Talk with the entrepreneur - look in her eyes and you'll find it. Young graduates have it - their chance to make a mark.
Nobody spends someone else’s money as wisely as he spends his own.
- Milton Friedman
The surest way to get a VC interested is to say that you're not interested in taking VC money.
- Chris Yeh
The job of the entrepreneur is to make sure the company doesn't run out of cash.
- Bill Sahlman, Harvard Business School
There are two questions VCs ask that you shouldn't answer: "Who else are you talking to?" and "How much are you trying to raise?"
- Paul Graham
It's in [VC's] interest to collect the maximum amount of information while making the minimum number of decisions.
- Paul Graham
It's harder to judge startups than most other things, because great startup ideas tend to seem wrong. A good startup idea has to be not just good but novel. And to be both good and novel, an idea probably has to seem bad to most people, or someone would already be doing it and it wouldn't be novel.
- Paul Graham
The less time and money it takes to start and manage a company, the more likely it is to succeed. First-time entrepreneurs are better off pursuing ideas they can implement handily.
- Robert Kessler
All financial models built of a start-up projecting more than 6 months in the future are guaranteed to be grossly inaccurate.
Rapid growth strips businesses of cash. How fast can a business grow? A quick estimate is to divide the operating cash flow divided by net working capital (or how much net cash each sale produces divided by the cash investment in working capital each dollar in sales requires). By changing A/R, A/P, production and inventory policies and even payroll timing, a business can significantly alter its cash sustainable growth rate.
- S Milford
Never, ever, ever pay compliments that contain comparatives (e.g. "than").
The Golden Rule of Bureaucracy:
Whoever has the gold makes the rules.
Guideline for bureaucrats:
1. When in charge, ponder.
2. When in trouble, delegate.
3. When in doubt, mumble.
- James H. Boren
Bureaucracy is a giant mechanism operated by pygmies.
– Honore’ de Balzac
Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.
- Peter Drucker
Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.
- Mahatma Gandhi
There are two kinds of statistics, the kind you lookup and the kind you make up.
- Rex Stout
Profit is like health, necessary but not the reason why we live.
Watch the costs and the profits will take care of themselves.
- Andrew Carnegie
Our policy is to reduce the price, extend the operations, and improve the article.
- Henry Ford
The telephone operator has one of the biggest roles in creating your organization’s image….indeed, many people may come into contact with no one except your operator.
- Guy Kawasaki
The budget is god.
Grand business plans are all very well, but nothing beats dipping your toe in water.
- Karan Bilimoria
THE TOP 10 QUESTIONS INVESTORS ASKED US
1) Who else have you spoken to?
2) How will you make money?
3) How will your company grow?
4) What technologies do you use?
5) How easily can you be copied?
6) Can we see the demo?
7) Who are your competitors and how are you better/different?
8) Who are your customers?
9) How will you spread the word about your product?
10) What will your market penetration be?
- Chris Campbell
Small business, right down to the individual can beat big, bureaucratic companies ten times out of ten.
- John Naisbitt
Is your company so small you have to do everything for yourself? Wait until you are so big that you can't. That's worse.
- Michael Bloomberg
There is an underutilized work force of well-qualified women who want to work part-time.
- Gun Denhart
A woman is like a tea - only in hot water do you realize how strong she is.
- Nancy Reagan
In politics, if you want anything said, ask a man. If you anything done, ask a woman.
- Margaret Thatcher
Women....work with, not over or for.
- Faith Popcorn
A well-run business must have high and consistent standards of ethics.
I think the business practices would improve immeasurable if they were guided by 'feminine' principles – qualities like love and care and intuition.
Conscience is the inner voice that warns us somebody may be looking.
- H.L. Mencken
The two steps to total business success:
1) Never give away all your secrets
Mission Statements are Declaration of a company’s core purpose. The main force driving mission statements is to help employees share a clear sense of what the company is striving for. So many companies take their time developing a mission statement.
In addition to mission statements, companies have developed amplifications with names like values statement and vision statement. Broad and vague mission statements will get only a shrug from the employees. You are wasting your time unless your words are specific, the statement is something the employees can
act on, and top management is committed to it. The best mission statements are never longer than 2 lines. Like, improving the
quality of life of people.
To organize the world's information and make it universally accessible and useful.
To connect people to their passions, communities, and the world’s knowledge.
Which one is better?
Google's mission statement is better. It is not vague.
It focuses on one thing and one thing alone.
The Internet is vast and growing. Google had us at Organizing.
• Google has 66% of the Search market.
• Yahoo 19%.
VAGUE MISSION STATEMENTS
Microsoft: "At Microsoft, we work to help people and businesses throughout the world realize their full potential."
Sony: "To experience the joy of advancing and applying technology for the benefit of the public."
3 QUALITIES OF GREAT MISSION STATEMENTS
1. They are short.
The holy grail of mission statements:
“Stand for a word. So much so that it becomes a verb.”
England: The Queen
2. They tell customers why your business exists.
If the customer doesn't get your mission statement, you have had it.
3. They make a simple promise and deliver on it consistently.
The truth is, as long as your customers are satisfied, no one is even looking at your mission statement.
A GREAT, HONEST MISSION STATEMENT
“Have fun. Do great work. Be profitable.”
- Holland Mark Martin ad agency
WHAT MISSION STATEMENTS MUSTN’T BE
“A mission statement is a long awkward sentence that demonstrates management inability to think clearly".
- Definition by Dilbert
EFFECT OF BAD MISSION STATEMENTS
"We will have all the wealth in the world
while everybody else dies in the gutter
wishing they were us."
- Customer’s translation of your ‘bad’ mission statement
- The Simpleguide
1. Supply and demand are not independent; supply-side variables like MSRP can impact willingness to pay. Price "memory" can also have a major impact. Doubling the price of milk and halving the price of wine would have a major short-term impact, but it's unlikely to have a long-term impact on consumption patterns. And if you induced amnesia about the previous prices, it might have nearly no impact at all.
2. "Free" makes us perceive what is being offered as immensely more valuable than it really is
* Humans are loss-averse; when considering a normal purchase, loss-aversion comes into play
* But when an item is free, there is no visible possibility of loss
3. In the real world, this effect was demonstrated by Amazon's free shipping.
* After Super Saver shipping was introduced, Amazon saw sales increases everywhere except for France
* It turned out that the French division offered 1 franc ($0.20) pricing instead of free pricing.
* When this was changed to free, France saw the same sales increases as elsewhere
4. Another real-world example: People will wait in line for absurdly long times to get something for free.
5. Free is one of the most powerful ways to trigger behavior
- Predictably Irrational, The Hidden Forces That Shape Our Decisions, by Dan Ariely
If employees aren't satisfied, they won't promote the product we need.
– Herb Kelleher
The more time I spend with our people, the more I find out about our business.
- Herb Kelleher
The best balance of morale for employee can be described this way: happy, but with low self-esteem.
We are Wikipedians. This means that we should be: kind, thoughtful, passionate about getting it right, open, tolerant of different viewpoints, open to criticism, bold about changing our policies and also cautious about changing our policies. We are not vindictive, childish, and we don't stoop to the level of our worst critics, no matter how much we may find them to be annoying.
- Jimmy Wales
MBWA (Management by walking around) rules.
- Tom Peters
Know that right is on your side when you have to fire so you don’t suffer too much.
You never really hear the truth from your subordinates until after 10 in the evening.
- Jurgen Schrempp, Former CEO of DaimlerChrysler
Quick decisions are an easy way to get respect from your staff.
Other things than money – praise, appreciation, respect, happy work atmosphere, likeable co-workers- will help keep a good person around.
Management Speak: Empower.
Meaning: Freely blame your subordinates for your problems.
Management cannot dictate creativity.
Management cannot force loyalty.
Management must create an atmosphere that fosters loyalty and encourages creativity.
- Tony Calabrese
All good work is done in defiance of management.
- Bob Woodward
1. Don't criticize, condemn or complain.
2. Give honest and sincere appreciation.
3. Arouse in the other person an eager want.
- Dale Carnegie, "How to influence people and win friends."
Few things help an individual more than to place responsibility upon him, and to let him know that you trust him.
- Booker T. Washington
In business school classrooms, they construct wonderful models of a non-world.
- Peter Drucker
The most probable assumption is that no currently working 'business theory' will be valid 10 years hence.
– Peter Drucker
People always overestimate how complex business is. This isn’t rocket science; we’ve chosen one of the world’s most simple professions.
- Jack Welch
WHAT IS TWO AND TWO?
A business man was interviewing applicants for the position of divisional manager. To select the most suitable person for the job. He asked each applicant, "What is two and two?" The first interviewee was a journalist. His answer was "Twenty-two." The second applicant was an engineer. He pulled out a slide rule and showed the answer to be between 3.999 and 4.001. The next person was a lawyer. He stated that in the case of Jenkins v Brown, two and two was proven to be four.
The last applicant was an accountant. The business man asked him, "How much is two and two?" The accountant got up from his chair, went over to the door and closed it then came back and sat down. He leaned across the desk and said in a low voice..."How much do you want it to be?" He got the job.
There is more credit and satisfaction in being a first-rate truck driver than a tenth-rate executive.
– B.C. Forbes
Catch a man a fish, and you can sell it to him. Teach a man to fish, and you ruin a wonderful business opportunity.
- Karl Marx
Corporation: An ingenious device for obtaining profit without individual responsibility.
- Ambrose Bierce
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