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The right decision is the wrong decision if it's made too late.

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
Wrong
Right
Made
Late
Decision

More quotes by 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.
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There's a world of difference between a strong ego, which is essential, and a large ego-which can be destructive.
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In a completely rational society, the best of us would aspire to be teachers and the rest of us would have to settle for something less, because passing civilization along from one generation to the next ought to be the highest honor and the highest responsibility anyone could have.
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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.
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They're on you day and night. Their oversight is just too extreme [. . .] That's why our 10-year loan, we paid it back in three years. We couldn't stand the government. The bureaucracy kills you.
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Your legacy should be that you made it better than it was when you got it.
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The only rock I know that stays steady, the only institution I know that works, is the family.
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Mistakes are a part of life you can't avoid them. All you can hope is that they won't be too expensive and that you don't make the same mistake twice.
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Apply yourself. Get all the education you can, but then, by God, do something. Don't just stand there, make it happen.
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In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something else.
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The thing that lies at the foundation of positive change, the way I see it, is service to a fellow human being.
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MBAs know everything but understand nothing.
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When the product is right, you don't have to be a great marketer.
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I have found that being honest is the best technique I can use. Right up front, tell people what you're trying to accomplish and what you're willing to sacrifice to accomplish it.
Lee Iacocca
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Never rest on your oars as a boss. If you do, the whole company starts sinking.
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Be creative. Use unconventional thinking. And have the guts to carry it out.
Lee Iacocca
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The ability to concentrate and to use your time well is everything if you want to succeed in business--or almost anywhere else for that matter.
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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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There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
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