Business

"Startups don't win by attacking. They win by transcending. There are exceptions of course, but usually the way to win is to race ahead, not to stop and fight."

"Business models and value propositions expire like a yogurt in the fridge."

"Change the external culture and environment, and entrepreneurship can bloom regardless of its source—nature or nurture."

"The safest bet about your new business is that you’re wrong... A startup is not about executing a series of knowns. Most startups are facing a series of unknowns — unknown customer segments, unknown customer needs, unknown product feature set, etc."

"[A startup is] a human institution designed to deliver a new product or service under conditions of extreme uncertainty."

"Innovative e-business projects start with a design of the e-business model. We often encounter the view, in research as well as industry practice, that an e-business model is similar to a business process model, and so can be specified using UML activity diagrams or Petri nets. In this paper, we explain why this is a misunderstanding. The root cause is that a business model is not about process but about value exchanged between actors. Failure to make this separation of concerns leads to poor business decision-making and inadequate business requirements."

"All too often, a successful new business model becomes the business model for companies not creative enough to invent their own."

"A frustration I have is that a lot of people increasingly seem to equate an advertising business model with somehow being out of alignment with your customers, ... I think it’s the most ridiculous concept. What, you think because you’re paying Apple that you’re somehow in alignment with them? If you were in alignment with them, then they’d make their products a lot cheaper!"

"The business model of Wall Street is fraud. In my view, there is no better example than the recently-exposed illegal behavior at ."

"Business models and value propositions expire like a yogurt in the fridge."

"A startup is a temporary organization in search of a scalable, repeatable, profitable business model."

"Start-ups are not smaller versions of large companies. They do not unfold in accordance with master plans. The ones that ultimately succeed go quickly from failure to failure, all the while adapting, iterating on, and improving their initial ideas as they continually learn from customers."

"Startups are not just about the idea, they're about testing and implementing the idea."

"Software has to be designed by hackers who understand design, not designers who know a little about software. If you can't design software as well as implement it, don't start a startup."

"It’s in Apple’s DNA that technology alone is not enough — it’s technology married with liberal arts, married with the humanities, that yields us the result that makes our heart sing, and nowhere is that more true than in these post-PC devices.”"

"The last 10% it takes to launch something takes as much energy as the first 90%."

"The e-economy cannot function without workers able to navigate, both technically and in terms of content, this deep sea of information, organizing it, focusing it, and transforming it into specific knowledge, appropriate for the task and purpose of the work process."

"Innovative e-business projects start with a design of the e-business model. We often encounter the view, in research as well as industry practice, that an e-business model is similar to a business process model, and so can be specified using UML activity diagrams or Petri nets. In this paper, we explain why this is a misunderstanding. The root cause is that a business model is not about process but about value exchanged between actors. Failure to make this separation of concerns leads to poor business decision-making and inadequate business requirements."

"In 1995 we started our study of enterprise architecture – we just did not know it. At the time we thought we were studying information technology infrastructure transformations. In 1998 we thought we were studying enterprise system implementations. In 2000 it was e-business. But sometime in 2000, we recognized that each of these studies examined basically the same thing: Enterprise Architecture."

"E-Business will become the virtual market place in 20 years."

"The term "informatics" was first defined by Saul Gorn of University of Pennsylvania in 1983 (Gorn, 1983) as computer science plus information science used in conjunction with the name of a discipline such as business administration or biology. It denotes an application of computer science and information science to the management and processing of data, information and knowledge in the named discipline."

"The majority of students studying for the master's degree in business are enrolled in makeshift programs which are generally unsatisfactory... Business administration gets a much larger portion of poor students and a smaller percentage of the best students than do the traditional professional fields."

"The administrative function... insures the continuance of the existing order with a minimum of effort and risk. Its fundamental aim is to "carry on" rather than to venture along new and untried paths. Administrators are, therefore, the stabilizers of society and the guardians of tradition. They are stabilizers in both a positive and a negative sense, for not only do they make possible the continuance of the ideas which they convert into institutions: they also frustrate many innovations to which they deny their support. With the weight of their authority they confront every attempt to initiate a new development, and test it with a view to its effect on established interests. They resist change and stow down the rate of experimentation so that the main body of society can keep pace with it. The ponderous social machinery which is so irritating to the impulsive initiator is thus a safeguard against sudden changes which paralyze the Jess adaptable members of society and which would result in chaos if subjected to no check."

"The technical and commercial functions of a business are clearly defined, but the same cannot be said of the administrative function. Not many people are familiar with its constitution and powers; our senses cannot follow its workings - we do not see it build or forge, sell or buy - and yet we all know that, if it does not work properly, the undertaking is in danger of failure."

"We afford automatic respect to superstar business moguls, politicians, and actors and to anyone flying around in a private jet, as if their accomplishments must reflect unique qualities not shared by those forced to eat commercial airline food. And we place too much confidence in the overly precise predictions of people - political pundits, financial experts, business consultants - who claim a track record demonstrating expertise."

"The administrative function has many duties. It has to foresee and make preparations to meet the financial, commercial, and technical conditions under which the concern must be started and run. It deals with the organization, selection, and management of the staff. It is the means by which the various parts of the undertaking communicate with the outside world, etc. Although this list is incomplete, it gives us an idea of the importance of the administrative function. The sole fact that it is in charge of the staff makes it in most cases the predominant function, for we all know that, even if a firm has perfect machinery and manufacturing processes, it is doomed to failure if it is run by an inefficient staff."

"The administrative function comes easily to conservatives for the principal requirement of administration is unquestioning conformity to the standards embodied by the particular institution."

"We usually think of an individual doing administrative work not as an administrator, but as a businessman, an Army officer, or a civil servant. More specifically, we think of him, if he is a businessman, as a merchant, a production man, a sales manager, or a financial expert; while the Army officer may be a company commander, a staff officer, or a tactician; and the civil servant, a diplomat, a postmaster, or a revenue collector. It is true that all of these jobs involve administration: yet each of them is intimately bound up with a more or less specialized subject matter and it does not follow that a good production man win make a good diplomat or company commander."

"Creativity thinks up new things. Innovation does new things. The difference speaks for itself. Yet the fluent advisers to business seldom make the distinction. They tend to rate ideas more by their novelty than by their practicability."

"To those who run businesses, profits are obviously desirable and losses deplorable. But economics is not business administration. From the standpoint of the economy as a whole, and from the standpoint of the central concern of economics — the allocation of scarce resources which have alternative uses — profits and losses play equally important roles in maintaining and advancing the standards of living of the population as a whole."

"If we are to grasp the dynamics of this unforecasted storm, we have to move beyond the familiar cognitive frame of macroeconomics that we inherited from the early twentieth century. Forged in the wake of World War I and World War II, the macroeconomic perspective on international economics is organized around nation-states, national productive systems and the trade imbalances they generate. It is a view of the economy that will forever be identified with John Maynard Keynes. Predictably, the onset of the crisis in 2008 evoked memories of the 1930s and triggered calls for a return to “the master.” And Keynesian economics is, indeed, indispensable for grasping the dynamics of collapsing consumption and investment, the surge in unemployment and the options for monetary and fiscal policy after 2009. But when it comes to analyzing the onset of financial crises in an age of deep globalization, the standard macroeconomic approach has its limits. In discussions of international trade it is now commonly accepted that it is no longer national economies that matter. What drives global trade are not the relationships between national economies but multinational corporations coordinating far-flung “value chains.” The same is true for the global business of money. To understand the tensions within the global financial system that exploded in 2008 we have to move beyond Keynesian macroeconomics and its familiar apparatus of national economic statistics. As Hyun Song Shin, chief economist at the Bank for International Settlements and one of the foremost thinkers of the new breed of “macrofinance,” has put it, we need to analyze the global economy not in terms of an “island model” of international economic interaction—national economy to national economy—but through the “interlocking matrix” of corporate balance sheets—bank to bank. As both the global financial crisis of 2007–2009 and the crisis in the eurozone after 2010 would demonstrate, government deficits and current account imbalances are poor predictors of the force and speed with which modern financial crises can strike. This can be grasped only if we focus on the shocking adjustments that can take place within this interlocking matrix of financial accounts. For all the pressure that classic “macroeconomic imbalances”—in budgets and trade—can exert, a modern global bank run moves far more money far more abruptly."

"What we’ve been hearing from the panelists is how the global food system works right now... It’s based on large multinational companies, private profits, and very low international transfers to help poor people (sometimes no transfers at all). It’s based on the extreme irresponsibility of powerful countries with regard to the environment. And it’s based on a radical denial of the economic rights of poor people... We’ve just heard from the Minister of the Democratic Republic of the Congo. Many point a finger of blame at the DRC and other poor countries for their poverty. Yet we don’t seem to remember, or want to remember, that starting around 1870, King Leopold of Belgium created a slave colony in the Congo that lasted for around 40 years; and then the government of Belgium ran the colony for another 50 years. In 1961, after independence of the DRC, the CIA then assassinated the DRC’s first popular leader, Patrice Lumumba, and installed a US-backed dictator, Mobutu Sese Seko, for roughly the next 30 years. And in recent years, Glencore and other multinational companies suck out the DRC’s cobalt without paying a level of royalties and taxes. We simply don’t reflect on the real history of the DRC and other poor countries struggling to escape from poverty. Instead, we point fingers at these countries and say, “What’s wrong with you? Why don’t you govern yourselves properly?”"

"The Earth gives us life, not the American government. The earth gives us life, not the multi-national corporate government. The Earth gives us life. We need to have the Earth. We must have it, otherwise our life will be no more. So we must resist what they do."

"The lackluster nature of most multinational corporations emerging market strategies over the past decade does not change the magnitude of the opportunity. The real source of market promise is not the wealthy few in the developing world, or even the emerging middle-income consumers: It is the billions of aspiring poor who are joining the market economy for the first time."

"The composition of should serve as a warning that colonialism was not simply a matter of ties between a given colony and its mother country, but between colonies on the one hand and metropoles on the other. The German capital in Unilever joined the British in exploiting Africa and the Dutch in exploiting the East Indies. The rewards spread through the capitalist system in such a way that even those capitalist nations who were not colonial powers were also beneficiaries of the spoils. Unilever factories established in Switzerland, New Zealand, Canada, and the U.S.A. were participants in the expropriation of Africa’s surplus and in using that surplus for their own development."

"Will it be a great source of comfort to certain Canadian boys to know that the bullet that maimed them for life was made from Canadian nickel sold by the International Nickel Company?"

"Cuando superas la idea de una Europa sublime, sólo ves una organización de tiburones y multinacionales que no están por encima de los estados sino que los utilizan. translation When you overcome the idea of a sublime Europe, you only see an organization of sharks and multinationals that are not above the states but rather use them, because without the state police the multinationals would not function."

"The multinational corporation and international production reflect a world in which capital and technology have become increasingly mobile, while labor has remained relatively immobile."

"The big question today is 'Will globalisation allow democracy to survive?' On one side we have the multinationals, the International Monetary Fund and the European Union. I want to help to redress the balance on the other side."

"You'll go quitely to boot camp They'll shoot you dead, make you a man Don't you worry, it's for a cause Feeding global corporations' claws"

"Nation state as a fundamental unit of man's organized life has ceased to be the principal creative force: International banks and multinational corporations are acting and planning in terms that are far in advance of the political concepts of the nation-state."

"Academe has become a multinational corporation, and scholars have become businessmen, mobile merchants on the make."

"Another development of unquestionably vital importance, which cuts across and embraces the present structure of international economic relations, and which in practice makes a mockery of international agreements, is the expansion of the great multinational corporations. The financial, commercial and technological potential concentrated in these is steadily increasing, and they are rapidly becoming the real power factor behind the current features of the world economy. They have their own objectives, their own trade policies, their shipping policies, their own investment policies, their own integration policies, their own outlook, their own lines of action. A world of their own."

"I realized that my gloss as chief economist, head of Economics and Regional Planning... was part of a sinister system aimed not at outfoxing an unsuspecting customer, but rather at promoting the most subtle and effective form of imperialism the world has ever known.... The march had begun and it was rapidly encircling the planet. The hoods had discarded their leather jackets, dressed up in business suits, and taken on an air of respectability. Men and women were descending from corporate headquarters in New York, Chicago, San Francisco, London, and Tokyo, streaming across every continent to convince corrupt politicians to allow their countries to be shackled to the corporatocracy, and to induce desperate people to sell their bodies to sweatshops and assembly lines... a world of smoke and mirrors intended to keep us all shackled to a system that is morally repugnant and ultimately self-destructive."

"Another factor that should be regarded as more favorable stems from the increasingly obvious conflicts between the public interests (which are of real benefit to the peoples) of the wealthy nations and the private interests of their great international corporations. The overall cost (military, economic, social and political) of operating through multinational enterprises exceeds their contribution to the central economies and becomes increasingly burdensome to the taxpayer. We should also take into consideration the plundering of these international cartels, and their powerful corruptive influence on public institutions in rich and poor countries alike. The peoples affected oppose such exploitation and demand that the government concerned cease giving over part of their foreign economic policy to private enterprises that arrogate to themselves the role of agents promoting the progress of the poorer countries and that have become a supranational force which is threatening to get completely out of control. This undeniable fact has profound implications for the proceedings of the present Conference. There is a serious risk that, even if satisfactory agreement is reached by the representatives of sovereign states, the measures upon which we agree may produce no real effects, inasmuch as these companies handle de facto the practical application of the agreements in silence and conforming to their own interests."

"Even the most unsympathetic and unenlightened politician, industrialist or bureaucrat begins to take notice when a lot of people write about the same subject."

"[ Bill Gates is ] probably the most dangerous and powerful industrialist of our age."

"The boot and shoe makers, either as shoemakers or “cordwainers,” have been the earliest and the most strenuous of American industrialists in their economic struggles. A highly skilled and intelligent class of tradesmen, widely scattered, easily menaced by commercial and industrial changes, they have resorted with determination at each new menace to the refuge of protective organizations."

"Recognizing our responsibilities as industrialists, we will devote ourselves to the progress and development of society and the well-being of people through our business activities, thereby enhancing the quality of life throughout the world."

"Microeconomics, including the study of individual choice and of group choice in market and nonmarket processes, has generally been considered a field science as distinct from an experimental science. Hence microeconomics has sometimes been classified as "non-experimental" and closer methodologically to meteorology and astronomy than to physics and experimental psychology... But the question of using experimental or nonexperimental techniques is largely a matter of cost, and generally the cost of conducting the most ambitious and informative experiments in astronomy, meteorology, and economics varies from prohibitive down to considerable. The cost of experimenting with different solar system planetary arrangements, different atmospheric conditions, and different national unemployment rates, each under suitable controls, must be regarded as prohibitive."