Management Quotes

Waves are caused by excesses of production, investment, and liquidity in the expansion phase that carries the seeds of its own destruction, leading to overproduction, investment and lending, shortages of raw materials, rising costs, and, eventually, declining demand, profits, and investment. People see the long view as deterministic. They are afraid that they can’t predict things over such a long cycle. But I like determinism. There is a comfort to it. It makes investment planning easy.
— Roger Cass

No Comments » Posted by Administrator / Economics

I believe that if you work granularly, you can get a perception of things that isn’t available from the written analysis. Data can tell you a lot. Opinions without data are severely risky.
— Roger Cass

No Comments » Posted by Administrator / Analysis and Economics

Economics has become the science of mathematical modeling. But economic behavior is better studied through human history.
— Roger Cass

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To engage in a dialogue first ask a question then listen.
— Antonio Machado (Spanish poet)

No Comments » Posted by Administrator / Communication

There is one and only one social responsibility of business–to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game.
— Milton Friedman

No Comments » Posted by Administrator / Business Rules and Capitalism

The enjoyment of property that [man] has in this state [the state of nature] is very unsafe, very unsecure. This makes him willing to quit a condition, which, however free, is full of fears and continual dangers: and it is not without reason, that he seeks out, and is willing to join in society with others, who are already united, or have a mind to unite, for the mutual preservation of their lives, liberties and estates, which I call by the general name, property.
— John Locke

No Comments » Posted by Administrator / Motivation and Organizational Behavior

A firm needs four resources in order to compete: physical, organizational, human and process.
— Unknown

No Comments » Posted by Administrator / Competition and Management

Creating value that can be captured is the essence of business.
— Adam M. Brandenburger and Barry J. Nalebuff

No Comments » Posted by Administrator / Business Rules

Never confuse movement with action.
— Ernest Hemingway

No Comments » Posted by Administrator / Action

My notion is that an organization is really a factory for producing new ideas and for linking those ideas with resources - human resources, financial resources, knowledge resources, infrastructure resources - in an effort to create value.
— John Kao

No Comments » Posted by Administrator / Business Rules