Quote

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, or for that matter to accept temporary losses

Alfred P. Sloan

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Alfred P. Sloan
Age: 90 †
Born: 1875
Born: May 23
Died: 1966
Died: February 17
Author
Entrepreneur
New Haven
Connecticut
Alfred Pritchard Sloan
Jr.
Matter
Accept
Temporary
Loss
Final
Return
Finals
Determinant
Accepting
Price
Losses
Results
Profit
Hoped
Less
Competition
Profits
Force
Rate
Prices
May
Result
Competitive

More quotes by Alfred P. Sloan

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Some have an idea that the reason we in this country discard things so readily is because we have so much. The facts are exactly opposite-the reason we have so much is simply because we discard things so readily. We replace the old in return for something that will serve us better.
Alfred P. Sloan
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The late Alfred P. Sloan, Ir., long-time executive of General Motors Corporation, had a fivepoint secret of success. It was: 1. Get the facts. 2. Recognize the equities of all concerned. 3. Realize the necessity of doing a better job every day. 4. Keep an open mind. 5. Work hard.
Alfred P. Sloan
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Never inject a man into the top, if it can be avoided. In a big organization, to have to do that, I think, is a reflection on management, Of course there are always exceptional cases.
Alfred P. Sloan
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Bedside manners are no substitute for the right diagnosis.
Alfred P. Sloan
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In any organization men would move up form the bottom to the top. That develops loyalty, ambition and talent, because there is a chance for promotion.
Alfred P. Sloan
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[Could] motor cars could be produced [in a country like Germany] and sold in competition in the American market . . . .In my opinion it is impossible to reach the conclusion that competition from without can ever be any factor whatsoever?
Alfred P. Sloan
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I have never issued an order since I have been the operating head of the corporation.
Alfred P. Sloan
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The final act of business judgment is intuitive.
Alfred P. Sloan
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Give a man a clear-cut job and let him do it.
Alfred P. Sloan
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Advanced engineering always, like advanced everything else, brings down upon it the discredit of ridicule of minds who cannot see so far.
Alfred P. Sloan
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The business of business is business.
Alfred P. Sloan
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I see no reason why 1931 should not be an extremely good year.
Alfred P. Sloan
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There has to be this pioneer, the individual who has the courage, the ambition to overcome the obstacles that always develop when one tries to do something worthwhile, especially when it is new and different.
Alfred P. Sloan
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If we are all in agreement on the decision - then I propose we postpone further discussion of this matter until our next meeting to give ourselves time to develop disagreement and perhaps gain some understanding of what the decision is all about.
Alfred P. Sloan
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A car for every purse and purpose.
Alfred P. Sloan
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It is impossible to get the measure of what an individual can accomplish unless the responsibility is given him.
Alfred P. Sloan
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There is no resting place for an enterprise in a competitive economy.
Alfred P. Sloan
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Only in more production and in new production can the American standard of living be increased and the economy be sound.
Alfred P. Sloan
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Take my assets - but leave me my organization and in five years I'll have it all back.
Alfred P. Sloan
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The worst is over without a doubt.
Alfred P. Sloan