The best buy by way of management is brains-at any price.
Interpretation
Valuing intelligence and talent in management is essential, regardless of cost.
Malcolm Forbes emphasizes the importance of hiring and utilizing intelligent individuals in management roles, suggesting that their value far outweighs any financial costs involved. In essence, this quote highlights that effective leadership relies significantly on the quality of the people behind it, making the investment in talent a priority for successful management.
In practice
During a business seminar, one might use this quote to highlight the importance of smart hiring practices.
Over the years, I've evolved a somewhat heretical but time-and mind-saving approach to books, articles, editorials that deal with weighty matters. More often than not, by beginning at the end and contemplating the conclusions, one can determine if it's worth going through the whole to get there.
Those who enjoy responsibility usually get it; those who merely like exercising authority usually lose it.
To live long and achieve happiness, cultivate the art of radiating happiness.
The purpose of education is to replace an empty mind with an open one.
If you never budge, don't expect a push.
It's never a good deal when only one party thinks it is.
I am convinced that nothing we do is more important than hiring and developing people. At the end of the day you bet on people, not on strategies.
I think right now we need to look back at the founding values of our country. Rise above partisanship, be less bitter when it comes to important matters that have to be solved.
We have to ask ourselves if we have become so focused on supporting personal choices that we're failing to encourage women to aspire to leadership.
If the head man in a company is not working 12 hours a day, doing things, taking risks, but also standing with his people in the trenches at the most difficult of times, then the company loses something.
You build a better company by building better people.
Recently, I was asked if I was going to fire an employee who made a mistake that cost the company $600,000. No, I replied, I just spent $600,000 training him. Why would I want somebody to hire his experience?
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