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.
Accepting
Price
Losses
Results
Profit
Hoped
Less
Competition
Profits
Force
Rate
Prices
May
Result
Competitive
Matter
Accept
Temporary
Loss
Final
Return
Finals
Determinant

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It is astonishing what you can do when you have a lot of energy, ambition and plenty of ignorance.
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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.
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The worst is over without a doubt.
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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?
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It is impossible to get the measure of what an individual can accomplish unless the responsibility is given him.
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Never make a personnel judgment the first time it comes up.
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Work hard. There is no short cut.
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I see no reason why 1931 should not be an extremely good year.
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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.
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A car for every purse and purpose.
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Take my assets - but leave me my organization and in five years I'll have it all back.
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The greatest real thrill that life offers is to create, to construct, to develop something useful. Too often we fail to recognize and pay tribute to the creative spirit. It is that spirit that creates our jobs.
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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.
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There is no resting place for an enterprise in a competitive economy.
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Give a man a clear-cut job and let him do it.
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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.
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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.
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If you do it right 51 percent of the time you will end up a hero.
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The business of business is business.
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Bedside manners are no substitute for the right diagnosis.
Alfred P. Sloan