Quotes About Management

Anyone can be captain in a calm sea.

reducing batch size before adding capacity at bottlenecks. Batch size reduction is cheaper than adding capacity, it is easy to sell to top management, and it massively reduces queues.

Reducing batch size reduces variability, and with lower variability, we may find our existing capacity is already sufficient.

I have a very simple rule when it comes to management: hire the best people from your competitors, pay them more than they were earning, and give them bonuses and incentives based on their performance. That's how you build a first-class operation.

You don't reward failure by promoting those responsible for it, because all you get is more failure.

Irving was the kind of guy who worked perhaps an hour a day and accomplished more in that hour than most managers did in twelve hours. I learned something from that: it's not how many hours you put in, it's what you get done while you're working.

This mess calls for leadership in the worst way.

The real profit is made when real estate is bought, not when it's sold. You need to have a specific value creation strategy for each property, whether that value will be found in operating the real estate in an optimal fashion or whether renovation and/or repositioning can lead to a higher value.

As Benjamin Franklin once said, "Beware of little expenses. A small leak will sink a great ship." In business, nothing is ever too small to notice.

Para mim, comitês são o que pessoas inseguras criam a fim de postergar a tomada de decisões difíceis.

It's funny. My own mother was a housewife all her life. And yet it's turned out that I've hired a lot of women for top jobs, and they've been among my best people. Often, in fact, they are far more effective than the men around them.

the owner of a dog boarding company interested in growing her business

Lafayette was in charge. He had championed the Assembly, saved Versailles from the mob, put down rebellions and returned the monarch to the people. He was greatly relieved the day had not gone worse.

Crest Hill dog kennel:

What are the five (almost free) things you can do to grow your business? Here they are:

challenged with busy schedules

Most business books are long on theory and short on application

where the main job of the entrepreneur is to define the mission, find and inspire the team, and lead.

Leaders, true leaders, take responsibility for the success of the team and understand that they must also take responsibility for the failure.

In the end, all business operations can be reduced to three words: people, product, and profits. Unless you've got a good team, you can't do much with the other two." – Lee Iacocca

A pro looks at the people, because they know business is about people.

What I needed was someone totally competent, totally honest, and totally loyal to oversee the project.

Is completely responsible for the efficient operation, cleanliness, and maintenance of the 132 rooms of the Executive Mansion containing 1,600,000 cubic feet; $2,000,000 of mechanical and air-conditioning equipment.

We always accompany guests to a formal appointment with the President and First Lady. We simply announce their names. The rest of the time, we run the place. I have a budget of $152,000 a year, a staff of 62, and a free hand to furnish and direct the mansion as I see fit.