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.