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Here's what management is about: Pick good people and set the right priorities.
Lee Iacocca
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Interpretation

What this quote means

Effective management involves selecting the right individuals and establishing clear priorities.

This quote by Lee Iacocca underscores the essential dual role of a manager in an organization. To succeed in leading a team or a company, one must not only focus on assembling a talented group of individuals but also ensure that these individuals are aligned with clear and strategic priorities that guide their efforts towards achieving common goals.

Themes

ManagementLeadershipPrioritiesPeopleStrategy

In practice

Example use cases

In a leadership seminar, to emphasize the importance of team selection and priorities.

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The ability to concentrate and to use time well is everything.
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I have found that being honest is the best technique I can use. Right up front, tell people what you're trying to accomplish and what you're willing to sacrifice to accomplish it.
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No matter what you've done for yourself or for humanity, if you can't look back on having given love and attention to your own family, what have you really accomplished?
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Listening can make the difference between a mediocre organization and a great one.
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What is it that you like doing? If you don't like it, get out of it, because you'll be lousy at it. You don't have to stay with a job for the rest of your life, because if you don't like it you'll never be successful in it.
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In business, you're trying to make a buck. God was good to me and blessed me. I made some money and started this foundation years ago, and it has grown in size. With the foundation it's a lot different, because the bottom line isn't how you can make more money or get a better return, it's helping the projects that you feel strongly about move forward.
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