Hi, Boston Center, TMU [traffic management unit], we have ah a problem here, we have a hijacked aircraft headed towards New - New York and we need you guys to, we need someone to scramble some F-16s or something up there to help us out.
He who gains time gains everything.
The most important question to ask is "What am I becoming?"
My view is that good community management is like having good municipal government: You should be able to have dissenting opinions and so on, freedom of speech, but your grandmother should also be able to walk down the street at night without having to worry about getting mugged.
We have bloated bureaucracies in Corporate America. The root of the problem is the absence of real corporate democracy.
We want these assets to be productive. We buy them. We own them. To say we care only about the short term is wrong. What I care about is seeing these assets in the best hands
We're not about liquidating companies, but if you do that, why is that terrible? We're not blowing up the factories. The person who buys it should be able to make the asset more productive.
Our industry expertise (at KKR) enables the firm not only to make better investment choices but also to win the confidence of senior management and sellers, which has enabled us to purchase many companies on an exclusive basis.
We call ourselves a "capacity building" organization; self-motivated and self-initiated capacity building. For example, in 30 years, I don't think I have signed a check for the company.
It's not a question of arriving and putting in a whole new administration, but instead, arriving and "compacting" things as much as possible, reducing management layers. We want as few management layers as possible, so that executives are very close to the operations. We also don't believe in having big corporate infrastructures.
People ought to invest in us because they like our company and the way they run it. We still do quarterly earnings guidance, but we tell people openly that they ought to look at the company for the long term and that's how they ought to invest.
As an engineer, I understood that the natural world operated according to fixed laws. Through my studies, I came to realize that there were, likewise, laws that govern human wellbeing. It seemed to me that these laws are fundamental not only to the wellbeing of societies, but also to the miniature societies of organizations. Indeed, that is what we found when we began to apply these principles systematically at Koch Industries. Through our observation of how they could create prosperity in an organization, I began to systematize my beliefs into Market-Based Management.
Since I'm fortunate enough to be neither hesitant nor indecisive, I've always made a point of consulting my partners and associates whenever a major decision has to be made. This is not to say that I have always been right!
I'm going to miss Blockbuster. I'm gonna miss being CEO and all that stuff. We had an atmosphere where everybody was happy. When people make money, they're happy.
We have the best leaders and the most depth of leadership we've ever had. If I get hit by a truck, maybe it would get me out of the way and it would go better.
Management is the gate through which social and economic and political change, indeed change in every direction, is diffused though society.
I greatly admire GE, their utterly ruthlessly focused management, to get the cost out and get this integration done.’ Okay, we may make a few mistakes along the way but we are not going to waste any time.' They make decisions; they are incredibly disciplined and focused.
Many leaders of big organizations, I think, don't believe that change is possible. But if you look at history, things do change, and if your business is static, you're likely to have issues.
What a bunch of garbage, liberal, Democratic, conservative, Republican, it's all there to control you, two sides of the same coin! Two management teams, bidding for control of the CEO job of Slavery Incorporated!
I shall not change my course because those who assume to be better than I desire it.
Work mixed with management becomes not only easier but more profitable. The time is past when anyone can boast about 'hard work' without having a corresponding result to show for it.
Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.
Management and leadership are not separate spheres. The two skills work together in the larger realm of “communityship.
To help others develop, start with yourself! When the boss acts like a little god and tells everyone else they need to improve, that behavior can be copied at every level of management. Every level then points out how the level below it needs to change. The end result: No one gets much better.
A natural response to a natural phenomenon -that is the secret of success in business and management. You will always win if you rely on common sense.
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