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There is no substitute for accurate knowledge. Know yourself, know your business, know your men.

Lee Iacocca

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Lee Iacocca
Age: 94 †
Born: 1924
Born: October 15
Died: 2019
Died: July 2
Autobiographer
Businessman
Businessperson
Diarist
Allentown
Pennsylvania
Lido Anthony Iacocca
Business
Self
Men
Substitute
Substitutes
Accurate
Leadership
Economy
Knowledge

More quotes by Lee Iacocca

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The trick is to make sure you don't die waiting for prosperity to come.
Lee Iacocca
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A major reason capable people fail to advance is that they don't work well with their colleagues.
Lee Iacocca
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Greenmail, in case you're wondering, is when a company pays a raider a premium for his holdings-if he'll go away. What I think it really is is blackmail in a pin-striped suit.
Lee Iacocca
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If you own up to your mistakes, you don't suffer as much. But that's a tough lesson to learn.
Lee Iacocca
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Be creative. Use unconventional thinking. And have the guts to carry it out.
Lee Iacocca
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The most successful businessman is the man who holds onto the old just as long as it is good, and grabs the new just as soon as it is better.
Lee Iacocca
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Most people are looking for security, a nice, safe, prosperous future. And there's nothing wrong with that. It's called the American Dream.
Lee Iacocca
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Every business and every product has risks. You can't get around it.
Lee Iacocca
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The only rock I know that stays steady, the only institution I know that works, is the family.
Lee Iacocca
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I only wish I could find an institute that teaches people how to listen. Business people need to listen at least as much as they need to talk. Too many people fail to realize that real communication goes in both directions.
Lee Iacocca
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They've got about as many lawyers as we have sumo-wrestlers.
Lee Iacocca
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The affections are like lightning: you cannot tell where they will strike till they have fallen.
Lee Iacocca
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My father used to say, 'You can spend a lot of time making money. The tough time comes when you have to give it away properly.' How to give something back, that's the tough part in life.
Lee Iacocca
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Every little kid wants to grow up to be a cowboy, and I did.
Lee Iacocca
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If I had to sum up in a word what makes a good manager, I'd say decisiveness. You can use the fanciest computers to gather the numbers, but in the end you have to set a timetable and act.
Lee Iacocca
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I'm still not sure what is meant by good fortune and success. I know fame and power are for the birds. But then life suddenly comes into focus for me. And, ah, there stand my kids.
Lee Iacocca
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Bad times are indelible. They stay with you forever.
Lee Iacocca
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Your legacy should be that you made it better than it was when you got it.
Lee Iacocca
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If I Had To Sum Up In One Word The Qualities That Make Up A Good Manager, I'd Say Decisiveness.
Lee Iacocca
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There's no great mystery to satisfying your customers. Build them a quality product and treat them with respect. It's that simple.
Lee Iacocca