Quotes About Business

Peter Drucker once observed that the drive for mergers and acquisitions comes less from sound reasoning and more from the fact that doing deals is a much more exciting way to spend your day than doing actual work.35

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Pointing to the mutual envy of businessmen and politicians who are often out of their field in each other's area,, the author quotes the wisdom, A wise shoemaker sticks to his trade and maintains a mouthful of nails.

I was a servant of Eros: that is what he wants to say, but does he have the effrontery? It was a god who acted through me. What vanity! Yet not a lie, not entirely. In the whole wretched business there was something generous that was doing its best to flower. (89)

The first test of a strategy is whether your value proposition is different from your rivals. If you are trying to serve the same customers and meet the same needs and sell at the same relative price, then by Porter's definition, you don't have a strategy.

Porter defines the value proposition as the answer to three fundamental questions (see figure 4-1): Which customers are you going to serve? Which needs are you going to meet? What relative price will provide acceptable value for customers and acceptable profitability for the company?

Instead of competing to be the best, companies can—and should—compete to be unique. This concept is all about value.

The key to competitive success—for businesses and nonprofits alike—lies in an organization's ability to create unique value. Porter's prescription: aim to be unique, not best. Creating value, not beating rivals, is at the heart of competition.

As manufactured products have become increasingly commoditylike, and therefore less valuable to customers, GE has not been alone in discovering that often more money can be made from the services related to a product

Memorizing the five forces won't make you a better business thinker; it will only help you to sound like one. It matters that you grasp the deeper point: there are a limited number of structural forces at work in every industry that systematically impact profitability in a predictable direction.

In business, multiple winners can thrive and coexist. Competition focuses more on meeting customers needs than on demolishing rivals. Just look around. Because there are so many needs to serve, there are many ways to win.

But in practice, very few markets are "perfect." Porter's five forces framework offers a way to think systematically about imperfect markets.

Strategy," Porter writes, "can be viewed as building defenses against the competitive forces or finding a position in the industry where the forces are weakest.

If anyone had unfinished business, he did. If anyone needed more time, he did. He was going to wander for years at the edge of my line of sight.

Ruby was the proud owner of The Best Little Hairhouse in Texas.

learned about our fixed and variable costs, the better I could forecast our nut, the amount of gross profit we'd need each month to stay in business. My little dog fell

But I felt at that moment that if ever a place were in need of a little magic . . . Old habits never die. And when you've once been in the business of granting wishes the impulse never quite leaves you.

Routine is the god of every social system it is the seventh heaven of business the essential component in the success of every factory the ideal of every statesman.

Thank God, I have the opportunity to do what I love, which is my family and work on a business and try and make it the best that it can be.

It is an immutable law in business that words are words, explanations are explanations, promises are promises-but only performance is reality.

Transparency, honesty, kindness, good stewardship, even humor, work in businesses at all times.

I now work for a finance company in Luxembourg with projects in South America and the Caribbean.

Look at her own income she a beast man, bad bi...es holla business first then streets man.

Everything about me is strickly business. Nothing personal just being independent its just how I handle sh...