In business school classrooms they construct wonderful models of a nonworld.
Business, that's easily defined - it's other people's money.
That people even in well paid jobs choose ever earlier retirement is a severe indictment of our organizations -- not just business, but government service, the universities. These people don't find their jobs interesting.
.. The thought man.. The action man.. The people man.. The front man.. Yet those four temperaments are almost never found in one person.. The one-man top management job is a major reason why business fail to grow.
Value added is a meaningless concept for a retail business, for a bank, for a life insurance company, and for any other business which is not primarily engaged in manufacturing.
Free enterprise cannot be justified as being good for business. It can be justified only as being good for society.
The purpose of a business is to create a customer.
The subordinate's job is not to reform or reeducate the boss, not to make him conform to what the business schools or the management book say bosses should be like. It is to enable a particular boss to perform as a unique individual.
There is only one valid definition of a business purpose: to create a customer.
The basic definition of the business and of its purpose and mission have to be translated into objectives.
There is a point of complexity beyond which a business is no longer manageable.
Growth as a goal, to repeat, is delusion. William James, the American philosopher, talked of the bitch goddess success. A philosopher of business today might well talk of the bitch goddess growth.