Tuesday, March 14, 2006

Truths of Management

  • Think before you act; it's not your money.
  • All good management is the expression of one great idea.
  • No executive devotes effort to proving himself wrong.
  • Cash in must exceed cash out.
  • Management capability is always less than the organization actually needs. Truth 5.1 of Management: Organizations always have too many managers.
  • Either an executive can do his job or he can't.
  • If sophisticated calculations are needed to justify an action, don't do it.
  • If you are doing something wrong, you will do it badly.
  • If you are attempting the impossible, you will fail.
  • The easiest way of making money is to stop losing it.

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