Famous Lee Iacocca Quotes

Management is nothing more than motivating other people.

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.

When the product is right, you don’t have to be a great marketer.

We at Chrysler borrow money the old-fashioned way. We pay it back.

In the end, all business operations can be reduced to three words: people, product, and profits.

Even a correct decision is wrong when it was taken too late.

Management is nothing more than motivating other people.

Here’s what management is about: Pick good people and set the right priorities.

I hire people brighter than me and then I get out of their way.

People want economy, and they’ll pay any price to get it.

Talk to people in their own language. If you do it well, they’ll say, “God, he said exactly what I was thinking. And when they begin to respect you, they’ll follow you to the death.

I forgot to shake hands and be friendly. It was an important lesson about leadership.

The one word that makes a good manager – decisiveness.

The affections are like lightning: you cannot tell where they will strike till they have fallen.

I don’t need a $100 million mistake. Try to make a $5 million mistake if you have to make one.

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.

The ability to concentrate and to use time well is everything.

The speed of the boss is the speed of the team.

Don’t just stand there; make something happen.

In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something else.