Business Insight for MBAs and Managers

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Most Recent Business Quotations

Disruption creates both winners and losers. And you can only be one of the winners if you can see both sides of the coin—and are able not just to avoid the challenges, but also to envision and decisively embrace the potential opportunities within strategic risks. For most organizations, getting there requires a reboot of how they think about and evaluate risk. For example, instead of … [ Read more ]
— Elton Parker, Jeanne Kwong Bickford, Nick D’Intino, Alan Iny

Authors: Alan Iny, Elton Parker, Jeanne Kwong Bickford, Nick D'Intino | Source: Boston Consulting Group (BCG) | Subjects: Innovation, Risk Management

True strategic risk management is the discipline of anticipating, preparing for, capitalizing on or mitigating, and learning from the disruptions that could either enhance or impair the organization’s ability to achieve one or more strategic objectives. In our experience, at most companies, this crucial capability is rarely functionally embedded in the organization, core to the culture, or integrated into the strategy development and planning process. … [ Read more ]— Elton Parker, Jeanne Kwong Bickford, Nick D’Intino, Alan Iny

Authors: Alan Iny, Elton Parker, Jeanne Kwong Bickford, Nick D'Intino | Source: Boston Consulting Group (BCG) | Subject: Risk Management

In a famous social-science experiment conducted in 1946 by psychologist Solomon Asch, participants were given one of two sentences. The first began, “Steve is smart, diligent, critical, impulsive, and jealous.” The second read, “Steve is jealous, impulsive, critical, diligent, and smart.” Although both sentences contained the same information, the first one led with positive traits while the second one started with negatives. When asked to … [ Read more ]
— Carolyn Dewar, Scott Keller, Vikram Malhotra, Kurt Strovink

Authors: Carolyn Dewar, Kurt Strovink, Scott Keller, Vikram Malhotra | Source: McKinsey Quarterly | Subjects: Communication, Organizational Behavior

All CEOs need to ask themselves, “What do you want to be remembered for—as a great person or a person who made the company great?” If you want to make the company great, then you must think about the company first, yourself second. It’s human nature to want to be recognized, so it’s not easy to put the institution ahead of yourself.
— Roberto Setúba

Author: Roberto Setúba | Source: McKinsey Quarterly | Subjects: Corporate Governance, Leadership

Diversity, equity, and inclusion (DEI) is grabbing a lot of headlines, but let’s look beyond the latest debates to understand some labor market dynamics that can help employers hire and retain talent to meet business needs. New research from the McKinsey Global Institute compares women’s and men’s work experiences to better understand the tough trade-offs at play in the world of work.
— Tough trade-offs drive 80% of the gender pay gap in the US

Author: Kweilin Ellingrud | Source: McKinsey Quarterly | Subjects: Diversity, Human Resources, Organizational Behavior, Women in Business

Most Popular Business Quotations

In principle, patents open up innovations in two ways. First, they confer only temporary rights; once patents expire or are abandoned, the intellectual property they are designed to protect passes into the public domain. Second, they require the details of the invention to be disclosed so they can be replicated. This permits follow-on innovation, which is essential for industrial progress. More recently, as the patent system … [ Read more ]
— The Economist

As for the genius of innovation, clearly the one percent spark of inspiration is nurtured by a positive culture. But the 99 percent perspiration ingredient comes from employees who love what they do, as well as where they do it, and who invest in that Holy Grail of productivity called “discretionary … [ Read more ]
— Stephanie Quappe, David Samso Aparici, Jon Warshawsky

Money never comes first in self-expression of any kind.
— William J. Reilly

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, and comes short again and again, because there is no … [ Read more ]
— Theodore Roosevelt

The uncomfortable fact for many green marketers--and targets of that marketing--is that genuinely going green would mean giving up most of the products and services that clutter our consumer culture. It would mean simplifying, valuing time and people over stuff. How can most products avoid the sin of the hidden trade-off? With a simple label: "You don't really need this."
— David Roberts

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Accounting   [16 posts]
Best Practices   [39 posts]
Career   [157 posts]   → Networking [2 posts]   → Work [47 posts]
Change Management   [144 posts]
Competitive Intelligence   [11 posts]
Consulting / Analytical Tools   [4 posts]
Corporate Governance   [99 posts]   → Succession Planning [4 posts]
Customer Related   [168 posts]
Economics   [288 posts]   → Capitalism [71 posts]
Education   [35 posts]
Entrepreneurship   [177 posts]   → Venture Capital [31 posts]
Finance   [119 posts]   → Investing [9 posts]   → Market/Investment [5 posts]   → Money [9 posts]   → Taxation [1 posts]
General   [6 posts]
History   [19 posts]
Human Resources   [500 posts]   → Coaching [9 posts]   → Compensation [39 posts]   → Diversity [39 posts]   → Motivation [94 posts]   → Training & Development [62 posts]   → Hiring [33 posts]
Innovation   [306 posts]   → Creativity [66 posts]
International   [52 posts]   → International - Americas [1 posts]   → Trade [2 posts]
IT / Technology / E-Business   [73 posts]
Leadership   [511 posts]
Legal   [23 posts]   → Intellectual Property [10 posts]
Management   [1487 posts]   → Business Plans [12 posts]   → Business Rules [43 posts]   → Delegation [7 posts]   → Execution [24 posts]   → Goals [24 posts]   → Growth [7 posts]   → Knowledge Management [12 posts]   → Measurement [45 posts]   → Mission [26 posts]   → Process [16 posts]   → Project Management [11 posts]   → Success / Failure [171 posts]   → Trends / Analysis [52 posts]   → Values [27 posts]   → Vision [37 posts]
Marketing / Sales   [281 posts]   → Advertising [9 posts]   → Brand [24 posts]   → Business Development [2 posts]   → Market Research [26 posts]   → Pricing [6 posts]
MBA Related   [39 posts]
Mergers & Acquisitions   [26 posts]
Miscellaneous   [82 posts]
Negotiation   [19 posts]
Nonprofit   [4 posts]
Operations   [43 posts]   → Outsourcing / BPO [14 posts]   → Quality [5 posts]
Organizational Behavior   [1604 posts]   → Accountability [20 posts]   → Bureaucracy [14 posts]   → Communication [157 posts]   → Culture [102 posts]   → Decision Making [176 posts]   → Ethics [57 posts]   → Personality / Behavior [241 posts]   → Politics [10 posts]   → Power / Authority [47 posts]   → Reengineering [3 posts]   → Reorganization [4 posts]   → Storytelling [27 posts]   → Teamwork [54 posts]   → Trust [31 posts]   → Women in Business [24 posts]
People   [7 posts]
Personal Development   [535 posts]   → Ability [23 posts]   → Achievement [85 posts]   → Attitude [21 posts]   → Challenge [11 posts]   → Character [20 posts]   → Commitment [13 posts]   → Competence [12 posts]   → Experience [25 posts]   → Expertise [12 posts]   → Judgement [7 posts]   → Learning [71 posts]
Productivity / Work Tips   [30 posts]   → Products & Services [1 posts]
Prospective   [1 post]   → About the MBA Degree [1 post]
Public Relations   [15 posts]   → Crisis Management [6 posts]
Quote   [642 posts]   → Action [23 posts]   → Adversity [11 posts]   → Ambition [10 posts]   → Attention [20 posts]   → Confidence [8 posts]   → Design [8 posts]   → Fear / Doubt [8 posts]   → Future [35 posts]   → Government [17 posts]   → Information [48 posts]   → Integrity [16 posts]   → Intelligence [12 posts]   → Knowledge [110 posts]   → Life [50 posts]   → Luck [17 posts]   → Mistakes [7 posts]   → Observations [10 posts]   → Opportunity [26 posts]   → Perception [15 posts]   → Persuasion [27 posts]   → Philosophy [8 posts]   → Potential [7 posts]   → Preparation [9 posts]   → Privacy [1 posts]   → Problems / Solutions [39 posts]   → Progress [10 posts]   → Reputation [6 posts]   → Skills [18 posts]   → Teaching [7 posts]   → Thought [96 posts]   → Time Management [16 posts]   → Wisdom [58 posts]
Risk Management   [69 posts]
Social Responsibility (ESG)   [94 posts]
Statistics   [12 posts]
Strategy   [367 posts]   → Business Model [3 posts]   → Competition [55 posts]   → Planning [21 posts]

Browse Business Quotations by Industry

Automotive   [1 post]
Consulting   [2 posts]
Education / Training   [4 posts]
Investing   [2 posts]
Retail   [1 post]