Alfred P. Sloan

United States
23 May 1875 // 17 Feb 1966
Executive

Quotes

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If you do it right 51 percent of the time you will end up a hero.

Quoted in Corporate Cultures (1982)
Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for.

My Years with General Motors (1964)
Management the collective effort of intelligence, experience, and imagination.

Adventures of a White Collar Man (1941)
If we had the means to review and judge the effectiveness of operations, we could safely leave the prosecution of these operations to the men in charge of them.

My Years with General Motors (1964)
Of all business activities, 99% are routine... The entire 100% can be handled by managing the 1% of exceptions.

'The Most Important Things I Learned About Management,' System (1924)
Any rigidity by an automobile manufacturer, no matter how large or how well established, is severely penalized in the market.

My Years with General Motors (1964)
There is no resting place for an enterprise in a competitive economy.

My Years with General Motors (1964)
There are so many people involved and it requires such a tremendous effort to put something into effect that a new idea is likely to be considered insignificant in comparison with the effort that it takes to put it across.

Quoted in The Bigness Complex (1986)
We know every dollar added to the cost means more than one dollar added to the consumer price. We know a higher consumer price means fewer consumer sales.

'The Most Important Things I Learned About Management,' System (1924)
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On Anger: "For every minute you remain angry, you give up sixty seconds of peace of mind."
Essays
On Destiny: "Our destiny exercises its influence over us even when, as yet, we have not learned its nature: it is our future that lays down the law of our today."
Human, All Too Human
On Friendship: "A crowd is not company; and faces are but a gallery of pictures; and talk but a tinkling cymbal, where there is no love."
Essays