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    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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  19  /  22  

There's no reason to be the richest man in the cemetery. You can't do any business from there.

There's no reason to be the richest man in the cemetery. You can't do any business from there.

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In suggesting gifts: Money is appropriate, and one size fits all.

In suggesting gifts: Money is appropriate, and one size fits all.

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A compromise is the art of dividing a cake in such a way that everyone believes that he has got read more

A compromise is the art of dividing a cake in such a way that everyone believes that he has got the biggest piece.

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If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the read more

If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the mantle of national interest is the last refuge of the economically dispossessed. In economic terms, pleading national interest is the declining cottage industry of those who have been bypassed by the global economy.

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Frankly, I don't want to see a rapid upturn. I want it to hold until some of these idiotic competitors read more

Frankly, I don't want to see a rapid upturn. I want it to hold until some of these idiotic competitors go bust.

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My father taught me to work; he did not teach me to love it.

My father taught me to work; he did not teach me to love it.

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Only little people pay taxes.

Only little people pay taxes.

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The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon read more

The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon the level of technology and the ability to create new knowledge.

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Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite.

Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite.

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