Quotes about Management

The most precious resource for businesspeople is not their time. It's their energy. Manage it well.

If you can manage your thoughts and mind, and choose your battles wisely, you can manage your life.

Now, Charlie, here's what you do: on this feature bin you put three for $1.00 panties, and on this one you put four for $1.00. And you put these nylons right in between the two of them. And then watch em sell.' And they did. Like crazy.

He became, really, the best utilizer of information to control absentee ownerships that there's ever been. Which gave him the ability to open as many stores as he opens, and run them as well as he runs them, and to be as profitable as he makes them.

And here it is: the more you share profits with your associates—whether it's in salaries or incentives or bonuses or stock discounts—the more profit will accrue to the company. Why? Because the way management treats the associates is exactly how the associates will then treat the customers. And if the associates treat the customers well, the customers will return again and again, and that is where the real profit in this business lies

If you want the people in the stores to take care of the customers, you have to make sure you're taking care of the people in the stores. That's the most important single ingredient of Wal-Mart's success.

These days, the real challenge for managers in a business like ours is to become what we call servant leaders. And when they do, the team—the manager and the associates—can accomplish anything.

I learned this early on in the variety store business: you've got to give folks responsibility, you've got to trust them, and then you've got to check on them.

Institutions mistake good intentions for objectives. They say "health care"; that's an intention, not an objective.

In the 70s and 80s, I made a good living. Have managed my funds carefully, will never have to go out and cadge quarters from the tourists.

The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt are indications soliciting the employment of the pruning knife.

The true foundation of republican government is the equal right of every citizen in his person and property and in their management.