Business strategy Quotes

"The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it." "Am considering taking Tesla private at $420. Funding secured." "A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well." "If you're competitor-focused, you have to wait until there is a competitor doing something. Being customer-focused allows you to be more pioneering." "Your margin is my opportunity." "All businesses need to be young forever. If your customer base ages with you, you're Woolworth's." "If you only do things where you know the answer in advance, your company goes away." "If you're long-term oriented, customer interests and shareholder interests are aligned." "Sometimes we measure things and see that in the short term they actually hurt sales, and we do it anyway." "Day 2 companies make high-quality decisions, but they make high-quality decisions slowly. To keep the energy and dynamism of Day 1, you have to somehow make high-quality, high-velocity decisions." "One common pitfall for large organizations – one that hurts speed and inventiveness – is 'one-size-fits-all' decision making...The end result of this is slowness, unthoughtful risk aversion, failure to experiment sufficiently, and consequently diminished i" "Me-too companies have not done that well over time." "Sometimes (often actually) in business, you do know where you’re going, and when you do, you can be efficient. Put in place a plan and execute. In contrast, wandering in business is not efficient ... but it’s also not random. It’s guided – by hunch, gut, i" "No customer was asking for Echo. This was definitely us wandering. Market research doesn’t help." "The difference between baseball and business, however, is that baseball has a truncated outcome distribution. When you swing, no matter how well you connect with the ball, the most runs you can get is four. In business, every once in a while, when you step"