Management Quotes - Page 37

• Today many American corporations spend a great deal of money and time trying to increase the originality of their employees, hoping thereby to get a competitive edge in the marketplace. But such programs make no difference unless management also learns to recognize the valuable ideas among the many novel ones, and then finds ways of implementing them.

  Mihaly Csikszentmihalyi

  Ideas, Differences, Empowerment

  Mihaly Csikszentmihalyi (2009). “Creativity: Flow and the Psychology of Discovery and”, p.31, Harper Collins

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• Virtually every company will be going out and empowering their workers with a certain set of tools, and the big difference in how much value is received from that will be how much the company steps back and really thinks through their business processes, thinking through how their business can change, how their project management, their customer feedback, their planning cycles can be quite different than they ever were before.

  Bill Gates

  Thinking, Differences, Empowering

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• Things are going to get a lot worse before they get worse.

  Lily Tomlin

  Women, Power, Funny Girlfriend

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• Again, racing for me was about energy management.

  Frank Shorter

  Racing, Energy

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• The defining factor [for success] is never resources; it’s resourcefulness.

  Tony Robbins

  Motivation, Inspiration, Defining

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• The reaction of weak management to weak operations is often weak accounting.

  Warren Buffett

  Business, Weak, Reactions

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• Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.

  Ben Bernanke

  Strong, Practice, Organization

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• A foreign policy aimed at the achievement of total security is the one thing I can think of that is entirely capable of bringing this country to a point where it will have no security at all.

  George F. Kennan

  Country, Thinking, Achievement

  "The Illusion of Total Security". Radcliffe Commencement Address on June 16, 1954. The Atlantic Monthly, No.194, August 1954.

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• The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its continued viability. It is clear that many banks did not fully implement these fundamental concepts. The obvious lesson is that banks need to improve their corporate governance practices and supervisors must ensure that sound corporate governance principles are thoroughly and consistently implemented.

  Daniele Nouy

  Practice, Risk, Sound

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• There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a crime ... had a crime for reckless management of a financial institution been on the books, Northern Rock and RBS would not have blown up.

  Paul Collier

  Book, Simple, Rocks

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• We are pioneers and the history of pioneers is not that good.

  Jeff Bezos

  Risk, Pioneers, Risk Management

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• You want a valve that doesn't leak and you try everything possible to develop one. But the real world provides you with a leaky valve. You have to determine how much leakiness you can tolerate.

  Arthur Rudolph

  Real, Risk, Trying

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• If you only take small risks, you are only entitled to a small life.

  Robin Sharma

  Risk, Small Life, Entitled

  Twitter post from Mar 30, 2014

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• The easy way out usually leads back in.

  Peter Senge

  Risk, Way, Easy

  Peter M Senge (2010). “The Fifth Discipline: The Art and Practice of the Learning Organization: First edition”, p.53, Random House

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• A desperate disease requires a dangerous remedy.

  Guy Fawkes

  Risk, Disease, Desperate

  6 November 1605. 'Dictionary of National Biography'.

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• I have a right to be blind sometimes.

  Horatio Nelson

  Risk, Sometimes, Blind

  1801 Said to Captain Foley during the Battle of Copenhagen, 2 Apr. Nelson disregarded the order of his superior, Admiral Hyde-Parker, to break off action and went on to win the engagement.

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• A theory's assumptions always are and ought to be unrealistic. Further, we should attempt to make them more unrealistic in order to increase a theory's fruitfulness.

  Satoshi Kanazawa

  Order, Risk, Assumption

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• Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.

  Alan Greenspan

  Keys, Incomplete Knowledge, Choices

  "Monetary Policy under Uncertainty". Alan Greenspan's Remarks At a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, www.federalreserve.gov. August 29, 2003.

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• It was obvious that their profits were simply cash borrowed from destiny with some random payback time.

  Nassim Nicholas Taleb

  Destiny, Risk, Payback

  Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.831, Random House

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• If I had better foresight, maybe I could have improved things a little bit. But frankly, if I had perfect foresight, I would never have taken this job in the first place.

  Richard F. Syron

  Jobs, Taken, Perfect

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• It is interesting that the investment industry has invented new ways to lose money when the old ways seemed to work just fine.

  John G. Stumpf

  Interesting, Risk, Way

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• High leverage is unsafe, not just for a company but the entire economy... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.

  Franco Modigliani

  Errors, Safety, Risk

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• I'd decided to take the risk, and either I'd succeed or else.

  Yanni

  Risk, Succeed, Decided

  Yanni, David Rensin (2003). “Yanni in Words”, Miramax Books

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• What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.

  Vikram Pandit

  Real, Risk, Done

  "Charlie Rose" with Charlie Rose, charlierose.com. November 25, 2008.

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• The key to risk management is never putting yourself in a position where you cannot live to fight another day.

  Richard S. Fuld, Jr.

  Fighting, Keys, Risk

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