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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
Right
Made
Late
Decision
Wrong
More quotes by Lee Iacocca
In the great undertakings, there is glory, even in failure.
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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 is no substitute for accurate knowledge. Know yourself, know your business, know your men.
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I always go back to Harry Truman: Should we drop an atomic bomb to save 100,000 lives? That's a hell of a decision to make. Did he make that decision by himself? No, he had advisers.
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Over the years, many executives have said to me with pride: 'Boy, I worked so hard last year that I didn't take any vacation.' I always feel like responding, You dummy. You mean to tell me you can take responsibility for an eighty-million-dollar project and you can't plan two weeks out of the year to have some fun?
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If your product is great, you yourself do not have to be a great seller.
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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.
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The speed of the boss is the speed of the team.
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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.
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In a corporation, there can only be one guy in the end: the CEO.
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You've got to say, I think that if I keep working at this and want it badly enough I can have it. It's called perseverance.
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To succeed today, you have to set priorities, decide what you stand for.
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MBAs know everything but understand nothing.
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To solve big problems you have to be willing to do unpopular things.
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I'd really love to meet the guy I'm supposed to be. I'd hire him in a second.
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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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When the product is right, you don't have to be a great marketer.
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One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt.
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If we wait until we've satisfied all the uncertainties, it may be too late.
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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.
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