Larry Winget
Motivational speeches are about making people feel good about themselves and enthusiastic about where they can go. But in my experience, it doesn’t work to paint a rosy picture and say “Doesn’t it look great over there?” and expect everyone to drop what they’re doing and go in that direction. What I do is, instead of trying to make people feel good about where they … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Motivation, Organizational Behavior
Michael A. Roberto, Richard M.J. Bohmer, and Amy C. Edmondson
A firm can adopt one of two mind-sets: It can apply an operational mind-set, approaching work as a routinized endeavor amenable to a standardized set of procedures and supported by detailed budgets and schedules. Alternatively, an organization can adopt an experimental mind-set-approaching work much like a research and development effort in which testing, learning, and adaptation take precedence over standardization. In such an environment, much … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Management, Organizational Behavior
Theodore Levitt
Thanks to increasing interdependence, more and more of the world’s economic work gets done through long-term relationships between sellers and buyers. It is not a matter of just getting and then holding on to customers. It is more a matter of giving the buyers what they want. Buyers want vendors who keep promises, who’ll keep supplying and standing behind what they promised. The era of … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Management, Marketing / Sales
Theodore Levitt
One of the surest signs of a bad or declining relationship is the absence of complaints from the customer. Nobody is ever that satisfied, especially not over an extended period of time. The customer is either not being candid or not being contacted-probably both. The absence of candor reflects the decline of trust and the deterioration of the relationship. Bad things accumulate. Impaired communication is … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Customer Related, Management
Theodore Levitt
What matters is not whom you know but how you are known to them.
Content: Quotation | Source: Harvard Business Review | Subject: Reputation
Theodore Levitt
As a rule, the more a seller expands the market by teaching and helping customers to use his or her product, the more vulnerable that seller becomes to losing them. A customer who no longer needs help gains the flexibility to shop for things he or she values more-such as price.
Content: Quotation | Source: Harvard Business Review | Subject: Marketing / Sales
Theodore Levitt
In the higher-status service occupations, such as in the church and the army, one customarily behaves ritualistically, not rationally. In the lower-status service occupations, one simply obeys. In neither is independent thinking presumed to be a requisite of holding a job. The most that can therefore be expected from service improvements is that, like Avis, a person will try harder. He will just exert more … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subject: Organizational Behavior
Theodore Levitt
The global competitor will seek constantly to standardize its offering everywhere. It will digress from this standardization only after exhausting all possibilities to retain it, and will push for reinstatement of standardization whenever digression and divergence have occurred. It will never assume that the customer is a king who knows his own wishes.
…The global corporation accepts for better or for worse that technology drives consumers … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: International, Marketing / Sales
Theodore Levitt
Those who extol the liberating virtues of corporate creativity over the somnambulistic vices of corporate conformity may actually be giving advice that in the end will reduce the creative animation of business. This is because they tend to confuse the getting of ideas with their implementation-that is, confuse creativity in the abstract with practical innovation; not understand the operating executive’s day-to-day problems; and underestimate the … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Creativity, Organizational Behavior
Theodore Levitt
Advocacy of a “permissive environment” for creativity in an organization is often a veiled attack on the idea of the organization itself. This quickly becomes clear when one recognizes this inescapable fact: One of the collateral purposes of an organization is to be inhospitable to a great and constant flow of ideas and creativity.
Content: Quotation | Source: Harvard Business Review | Subjects: Creativity, Organizational Behavior
Theodore Levitt
the purpose of organization is to achieve the kind and degree of order and conformity necessary to do a particular job. The organization exists to restrict and channel the range of individual actions and behavior into a predictable and knowable routine. Without organization there would be chaos and decay. Organization exists in order to create that amount and kind of inflexibility that are necessary to … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Miscellaneous, Organizational Behavior
Robert Nardelli
There’s only a fine line between entrepreneurship and insubordination.
Content: Quotation | Source: Harvard Business Review | Subjects: Entrepreneurship, Organizational Behavior
David A. Garvin and Lynne C. Levesque
Corporate budgeting systems favor established businesses because incremental dollars usually provide higher financial returns when invested in known markets rather than unknown ones. New businesses are therefore difficult to finance for long periods, and in times of austerity, they are the first to face funding cuts. In a similar spirit, companies design HR systems to develop executives whose operational skills match the needs of mature … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Management, Organizational Behavior
James G. March
The hot-stove effect is a fundamental problem of learning. Learning reduces your likelihood of repeating things that got you in trouble, as you hope it will. But that means you know less about the domains where you’ve done poorly than about the domains where you’ve done well. It causes problems whenever your early experience with an alternative is, for whatever reason, not characteristic of what … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subject: Learning
James G. March
The business firm is one of the few contemporary institutions in which the arbitrary and gratuitous cruelty of the powerful in dealing with the weak is tolerated, even encouraged.
Content: Quotation | Source: Harvard Business Review | Subjects: Miscellaneous, Organizational Behavior
James G. March
I think practicing managers are sometimes less reflective than they might be. The rhetoric of management requires managers to pretend that things are clear, that everything is straightforward. Often they know that managerial life is more ambiguous and contradictory than that, but they can’t say it. They see their role as relieving people of ambiguities and uncertainties. They need some way of speaking the rhetoric … [ Read more ]
Content: Quotation | Source: Harvard Business Review | Subjects: Management, Organizational Behavior
James G. March
Most daring new ideas are foolish or dangerous and appropriately rejected or ignored. So while it may be true that great geniuses are usually heretics, heretics are rarely great geniuses. If we could identify which heretics would turn out to be geniuses, life would be easier than it is. There is plenty of evidence that we cannot.
Content: Quotation | Source: Harvard Business Review | Subjects: Innovation, Organizational Behavior
James G. March
For trust to be anything truly meaningful, you have to trust somebody who isn’t trustworthy. Otherwise, it’s just a standard rational transaction. The relationships among leaders and those between leaders and their followers certainly involve elements of simple exchange and reciprocity, but humans are capable of, and often exhibit, more arbitrary sentiments of commitment to one another.
Content: Quotation | Source: Harvard Business Review | Subjects: Organizational Behavior, Trust
James G. March
Fundamental academic knowledge becomes more useful in new or changing environments, when managers are faced with the unexpected or the unknown. It provides alternative frames for looking at problems rather than solutions to them.
Content: Quotation | Source: Harvard Business Review | Subjects: Knowledge, Learning
James G. March
Economics has tended to become so tautological as to “explain” everything at the cost of abandoning predictive power. At times, economics as a theory threatens to become economics as a faith.
Content: Quotation | Source: Harvard Business Review | Subject: Economics
