The boss must first distinguish between action information and status information. He must discipline himself not to act on problems his managers can solve, and never to act on problems when he is explicitly reviewing status. I once knew a boss who invariably picked up the phone to give orders before the end of the first paragraph in a status report. That response is guaranteed to squelch full disclosure.
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Profits are like breathing. You have to have them. But who would stay alive just to breathe?
Profits are like breathing. You have to have them. But who would stay alive just to breathe?
The rich swell up with pride, the poor from hunger.
The rich swell up with pride, the poor from hunger.
Finance is the art of passing currency from hand to hand until it finally disappears.
Finance is the art of passing currency from hand to hand until it finally disappears.
...the only means to well-being is to increase the quantity of products. This is what business aims at.
...the only means to well-being is to increase the quantity of products. This is what business aims at.
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually read more
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.
Taxation WITH representation ain't so hot either.
Taxation WITH representation ain't so hot either.
Only positive consequences encourage good future performances.
Only positive consequences encourage good future performances.
Money is the sinews of love, as of war.
Money is the sinews of love, as of war.
Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the read more
Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries.
