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MBA programs are underwritten by large companies and they succeed at producing future employees of large companies. In that regard, they are doing exactly what they are supposed to be doing.

Lewis Schiff

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Lewis Schiff
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More quotes by Lewis Schiff

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By the time I entered this prestigious high school, my interest in formal education had already been exhausted.
Lewis Schiff
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The bottom line: All of your investing decisions should be grounded in your own investment policy statement. By taking a top-down look at your finances and writing out a road map, your policy statement will add an important element of discipline to your approach.
Lewis Schiff
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I grew up in a modern business environment and did not experience the kind of prejudice that my mother and grandfather experienced.
Lewis Schiff
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During that time, I began writing and designing the propaganda that we distributed to the students who we were trying to convince to join us.
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As members of a minority, one that was often persecuted, that entrepreneurial perspective was burnished with a sense of outsider status - so not only were we committed to finding our own way of achieving success, we also grew up to believe that we'd have to fight to get whatever we wanted.
Lewis Schiff
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However, I believe that large groups make markets, so serving the needs of large groups is a simple approach to success in business success. But that's no reflection on whether or not they're making wise moves or good calls. It's just about filling the need.
Lewis Schiff
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As you climb of the organizational ladder, you have to redefine your role in the value chain from player to captain to coach to manager, and for some, to owner. These are different roles and you won't be able to succeed as a manager when you're acting like a player.
Lewis Schiff
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Apple made tools that helped people express their creativity and Steve Jobs knew that so he told that story well. But Facebook makes tools that help people connect and Mark Zuckerberg is hardly a story-teller. Nevertheless, he's become a leader because his products do such a good job of solving a problem.
Lewis Schiff
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I also believe that at a critical point (more than six people?), that collective wisdom turns into group think.
Lewis Schiff
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One of the things all entrepreneurs struggle with is where their efforts will have the highest impact. Unfortunately, too many of us continue to do the very same things that led to our initial success because we're good at it and we've created and invested in systems to support them
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Because I work with entrepreneurs who own businesses, I have found Doug Tatum's No Man's Land to be a really helpful body of working knowledge. It's very applicable to most businesses that have the usual problems of growing businesses - managing people, capital, markets, etc.
Lewis Schiff
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Still, it formed one of my basic beliefs about success which is this: most of the time, success can be measured in terms of how much more than others you have of something that's in short supply. This includes money, reputation, respect, etc.
Lewis Schiff
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The work I'm doing today gets me one step closer to the work I should be doing tomorrow. And that the way I learn this is by trying, failing, networking and experimenting. I'll stop doing that when I'm dead.
Lewis Schiff
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That doesn't mean we should be doing it, though. We should always be carving back those things that are comfortable and institutionalized but not necessarily impactful.
Lewis Schiff
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In companies, there are three activities that should be labeled better. First there is the CORE which is the thing the company does that its customers pay it to do.
Lewis Schiff
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The disruption caused by globalization and technology (what Tom Friedman calls hyperconnectedness) will be around for the rest of our professional lives.
Lewis Schiff
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I've got better things to do than to find my individuality in that particular area. But if it's important to me, I've got to seek my own path.
Lewis Schiff
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I believe in labeling things.
Lewis Schiff
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When I started out, I wanted to have everything solved by the time I was 30. That didn't happen. Instead, I realized that the journey is the destination, that the work.
Lewis Schiff
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Harkening back to a story about my grandfather, I was lucky to attend a great high school in New York, Bronx High School of Science, which has produced more Nobel prize winners than any other high school in America.
Lewis Schiff