1. |
Welcome to the club! |
3 |
2. |
If you want to be a general manager, begin
performing like a general manager. |
9 |
3. |
Never tolerate mediocrity. |
11 |
4. |
Move fast with reversible decisions---move less
fast with irreversible decisions. |
13 |
5. |
Never try to solve all of the problems at
once---make them line up one-by-one. |
15 |
6. |
Never waste time on low-impact matters. |
17 |
7. |
Don't even listen to any significant program
presentation that doesn't include a definite time period allocated for
planning. |
21 |
8. |
First be effective; then devise ways to be
efficient. |
23 |
9. |
Seek out those rare individuals who are truly
committed, and build around them. |
25 |
10. |
It never pays to delay personnel decisions. |
27 |
11. |
It is better to impose slight over-control than
to lose control. |
29 |
12. |
It is easier to remove controls (or ease them)
than it is to install them. |
31 |
13. |
The shorter the control cycle, the more
effective the results |
33 |
14. |
No one ever gives 100% all the time. |
35 |
15. |
Aggressive and consistent review of
accountability guarantees an improvement in results |
37 |
16. |
The effectiveness of a firm's planning and
control is inversely related to the organization level at which it is
exercised. |
39 |
17. |
Never accept a "numbers only"
financial report; insist on prose; "good-bad" statements and
prognoses. |
41 |
18. |
Manage inventories and receivables by
"profile" too, not only in total. |
43 |
19. |
Rank your time and project selection according
to impact on profitability. |
47 |
20. |
Manage an organization as nature would: (A.)
Show neither malice nor pity. (B.) Abhor a vacuum, whether of power or
action. |
49 |
21. |
Management's responsibility to
employees---begins and ends with creating an environment for individual
opportunity. (A.) Support those who grasp it. (B.) Replace, promptly,
those who fail---for whatever reason--- to grasp it. |
51 |
22. |
Plan your operational environment changes so
that the implementation periods parallel each other. |
55 |
23. |
Your true adversary is time. Not
competition, not legislation, not the economy---but time. |
57 |
24. |
It is far better to risk over-investment of
time in productive planning than to rely on ad hoc solutions to
unpredictable problems. |
59 |
25. |
Management planning is not complicated, but it
is tedious---that's why the temptation is so strong to avoid it. |
61 |
26. |
Law of reversed entropy apply to business
organizations: that is, energy must be applied to the system to restore,
maintain, or increase order. In the absence of applied energy, the
system will deteriorate toward increasing disorder. |
63 |
27. |
Results are generated by conditions---viz.,
etc., the operating environment of a firm. Don't expect changes in
results if you haven't changed the conditions. |
67 |
28. |
Get time on your side. |
69 |
29. |
Only rarely are business failures or poor
decisions the result of too much planning; almost universally they can
be traced to management ego---the temptation to say, "I don't need
a plan; I'm sure I can handle whatever develops. |
71 |
30. |
When management only responds to
development, the bell has begun to toll. Excellent management
predetermines developments and thereby controls its corporate future. |
73 |
31. |
Management control is like vitamins---You need
a fresh dose every day to stay healthy; they are not supplied
automatically. |
75 |
32. |
Learn to cope with vulnerability |
77 |
33. |
Get in the batter's box and swing. Babe
Ruth struck out more times than anyone else, but he also (until Hank
Aaron) hit more home runs than anyone else. |
79 |
34. |
Never be satisfied with results. Too
often, profitable companies become comfortable companies---and then they
are profitable no longer! |
81 |
35. |
A business can tolerate a truly enormous number
of errors in detail---if the strategic direction is relevant and
correct. |
83 |
36. |
Spectators never appear in the record books. |
85 |
37. |
Genuine, meaningful "ROI" improvement
is generated only by corporate growth. |
87 |
38. |
Avoid becoming responsible for someone else's
problems---you should have enough of your own to work on. |
89 |
39. |
Solving a business problem always generates
even more problems. |
91 |
40. |
Master the previous before leaping to the
subsequent. |
93 |
41. |
The first and foremost social goal of a
business is to make a profit. |
95 |
42. |
Maintain enough constant pressure to expand
your sphere of authority. |
97 |
43. |
No superior can give you authority. Your
extent of authority is exactly what you extract from your peers and
subordinates. |
99 |
44. |
The numbers can never be too hard. |
101 |
45. |
Don't waste your time risking small mistakes. |
103 |
46. |
If something is worth doing, it's worth doing
imperfectly. |
105 |
47. |
Be known to have ambitions---never be known as
ambitious. |
107 |
48. |
A decisive man will always prevail only because
almost everybody is indecisive. |
109 |
49. |
An effective general manager is an expert
juggler. |
111 |
50. |
Never propose single-vector strategy plans. |
113 |
51. |
For firms that intend to stay in business,
profit plans must always be based on an order input rate in excess of
the sales rate. |
115 |
52. |
If a numbers analysis conflicts with common
sense, abandon the numbers. |
117 |
53. |
The bigger the decisions, the more subjective
the decision-making process. |
119 |
54. |
At best, quantitative analyses only justify an
already "right" decision. |
121 |
55. |
Management is always a contest of
wills---that's why persistence always wins. |
123 |
56. |
Never just "attend" a
meeting---always "win" it. |
125 |
57. |
Become immune to "paralysis by
analysis" |
127 |
58. |
The more someone asks for supplemental
analyses, the less serious he is about facing the issue. |
131 |
59. |
The "BS" content in a firm's
communication system is proportional to the number of layers in the
organization. |
133 |
60. |
Never make a decision unless you really have
to. |
135 |
61. |
Nothing is as effective as a well-planned
spontaneous demonstration. |
137 |
62. |
Use approval-level sign-off for communication
in all operational activities. |
139 |
63. |
Nothing is as devastating to an opinion as a
number |
141 |
64. |
Every new general manager has but one honeymoon
period---use it wisely. |
143 |
65. |
Never become involved in the personal lives of
business associates. |
147 |
66. |
Management planning is a tow-step process:
(I.) analysis---defining in detail the objective(s), and the tasks
needed to achieve those objectives. (2.) synthesis---ranking by priority
the sequencing and specific assignment of the defined tasks. |
149 |
67. |
The right answer at the wrong time is always a
bad decision |
151 |
68. |
There are really only two types of problems:
growth problems and liquidation problems. Growth problems are
better. |
153 |
69. |
Constantly test the ranking of planned action
priorities. |
155 |
70. |
When nothing else works... |
157 |