Business leaders cannot pretend that what they do is value-free, even if they want to. The individual who aspires to be a leader must throw off traditional typecast roles: the wealthy entrepreneur or investor, the famous deal maker, the tough chief executive, even the charismatic leader. These roles have become commodities – they can be adopted at will by individuals, and even bought and sold … [ Read more ]
Content: Quotation | Source: strategy+business | Subjects: Leadership, Mission
Business must be run at a profit, else it will die. But when anyone tries to run a business solely for profit… then the business must die as well, for it no longer has a reason for existence.
Content: Quotation | Source: IESE Insight | Subjects: Business Rules, Mission
Saying that a company’s purpose is to maximize profits is like saying that man exists in order to breathe. The fact that a man cannot live without breathing is one thing, but the ultimate purpose to which all man’s energies must be directed is quite another. Similarly, it is one thing to say that a company cannot survive without a certain minimum of profits, and … [ Read more ]
Content: Quotation | Author: Miguel Ángel Ariño | Source: IESE Insight | Subjects: Business Rules, Mission
The typical mission statement does little more than state the obvious: We’re in the IT business. And that alone isn’t going to motivate anybody or tell them anything new. The problem with typical mission statements is that they define the business of the entire organization. Staff don’t relate to them because they’re too ethereal, vague and grandiose… Effective mission statements define the business of each … [ Read more ]
Content: Quotation | Source: CIO Magazine | Subjects: Mission, Organizational Behavior