A Quote by David Packard
People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize.
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Successful companies create value by providing products or services their customers value more highly than available alternatives. They do this while consuming fewer resources, leaving more resources available to satisfy other needs in society. Value creation involves making people's lives better. It is contributing to prosperity in society.
So to the best we can, what we do is focus on creating value for others, and how do we do that? We do it by trying to produce products and services that our customers will value more than their alternatives, and not just their alternatives today, but what the alternatives will be in the future. We try to more efficiently use resources than our competitors, and constantly improve in that, and we try to do the best job we can in creating a safe environment, and environmental excellence, and constantly improve at that.
We are loaded down with too many good things, more than we could ever need, while others are desperate for a small loaf. The good things we cling to are more than money; we hoard our resources, our gifts, our time, our families, out friends....how ludicrous it is to hold on to the abundance God has given us and merely repeat the words 'thank you'.
Essential to our personal faith and development is the unmistakable knowledge that our Father and our Savior want us to succeed. They want us to return to Their presence. Because of Their love for us, They have given us resources to obtain comfort, direction, and strength for our journey home. I speak of prayer, the wonderful and sublime ability to communicate and share our concerns with the Father; the Holy Spirit, which will enlighten and comfort us; and the words of the prophets, both ancient and modern. These resources give us understanding and direction in dealing with our challenges.
At every stage of life, our inner self requires the nurturance of loving people attuned to our feelings and responsive to our needs who can foster our inner resources of personal power, lovability, and serenity. Those who love us understand us and are available to us with an attention, appreciation, acceptance, and affection we can feel. They make room for us to be who we are.
In science, one should use all available resources to solve difficult problems. One of our most powerful resources is the insight of our colleagues.
There is no question in my mind that if we summon our resources, both our leadership resources and all of the tools at our disposal, not just military force, which should be used as a last resort, but our diplomacy, our development aid, law enforcement, sharing of intelligence in a much more open and cooperative way. We can bring people together, but it cannot be an American fight.
Our landscapes connect us to our history; they are the source of our character as a peopl, as well as our health, our safety, and our prosperity. Natural resources enrich us economically, yes. But they also enrich us aesthetically and recreationally and culturally and spiritually.
Danger alone acquaints us with our own resources, our virtues, our armor and weapons, our spirit, and forces us to be strong.
Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course. Devoting time to the study of how people use limited resources to fulfill unlimited wants and needs should help us to discover how to best utilize the resources we have at our disposal.
No job is more vital to our society than that of the manager. It is the manager who determines whether our social institutions serve us well or whether they squander our talents and resources.
But life cannot maintain itself alone. The Creator of life has entrusted us with the responsibility of preserving, developing, and perfecting it. In order that we may accomplish this, He has provided us with a collection of marvelous faculties. And He has put us in the midst of a variety of natural resources. By the application of our faculties to these natural resources we convert them into products, and use them. The process is necessary in order that life may run its appointed course.
We also need to be willing to make room in our lives for the impending birth of our dreams. This might mean emptying our life of clutter such as wasted time, energy, resources, or draining relationships. These things can jeopardize our dreams by distracting us at a time when we should be more focused than ever.
I think all of us have really got to redouble our efforts, first of all, to pay attention to the K-12 crisis. The sad fact is that I can look at your zip code and tell whether you're going to get a good education. That's not fair. And secondly, I hope that all of us who were fortunate enough to have benefited will put our time, our resources and our efforts into making sure that kids, particularly kids without means, have a way to achieve.
Pap Machinery uses LubeMate products to keep our truck fleet moving so we can provide timely service to our customers. LubeMate has proven they manufacture quality products that meet our daily demands. The LubeMate team at Valley Industries has provided excellent service and their products are an exceptional value.
An organization is really a factory for producing new ideas and for linking those ideas with resources - human resources, financial resources, knowledge resources, infrastructure resources - in an effort to create value. These are processes that you can map, with results that you can measure.
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