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Duff McDonald

The Golden Passport

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  • Ilham Mehraliyevhas quoted7 years ago
    arrogance is one of the coefficients of money.
  • Ilham Mehraliyevhas quoted7 years ago
    pathway to sustainable long-term results is not to “manage by results” but to “manage by means”—to manage the concrete human activities from which financial results only emanate.
  • Ilham Mehraliyevhas quoted7 years ago
    fallacy of misplaced concreteness”
  • Ilham Mehraliyevhas quoted7 years ago
    One interesting result is that none of the faculty bothers to claim to understand (or research) the firm as a whole.
  • Ilham Mehraliyevhas quoted7 years ago
    In time, this teaching contributed to the modern obsession in business with ‘looking good’ by the numbers,” he writes, “no matter what damage [it] does to the underlying system of relationships that sustain any human organization.”
  • Ilham Mehraliyevhas quoted7 years ago
    it always gets complicated at the intersection of profit maximization and sound judgment.
  • Ilham Mehraliyevhas quoted7 years ago
    Porter’s view of strategy is analytic and reductive in nature, whereas true insight comes through synthesis.
  • Ilham Mehraliyevhas quoted7 years ago
    Subsequent studies have also shown that company-specific characteristics, not industry-specific ones, are more powerful determinants of sustainable excess profits.
  • Ilham Mehraliyevhas quoted7 years ago
    For decades, McKinsey & Company suffered from a similar emphasis on the former to the exclusion of the latter—on thinking as opposed to doing.
  • Ilham Mehraliyevhas quoted7 years ago
    Michael Porter took IO, turned it upside down, and called it strategy.
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