A Quote by Michael Lewis
Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of looking bad is worse than the gain of making the best move.
Related Quotes
There are people who are better managers than I am. I aspire to be a really good manager, but it's not my natural personality to do the same thing for 14 hours a day. I have a lot of different interests. I really like product and strategy and business strategy, and I think I'm not bad at it.
A good strategy is not always successful, but even an "inappropriate" strategy may be an actual strategy. A "bad strategy" is one that doesn't even try to address an important challenge. Instead, it speaks of aspirations, visions of the future, lays out performance goals, or simply lists a bunch of unconnected actions.
The most effective strategy for successful living is really no strategy at all. It is, rather, to be real, to be honest, to be authentic, to be you.
As I worked to explain how to avoid bad strategy, I began to see that one cannot really evaluate or criticize a strategy unless there is a fairly clear statement of the problem the strategy is trying to solve.
I think there's a short-term legislative strategy. I think there's a longer-term legislative strategy in terms of enshrining net neutrality principles into law rather than a rule, and I think there's an election strategy.
A bad strategy will fail no matter how good your information is. And lame execution will stymie a good strategy. If you do enough things poorly, you'll go out of business.
Markets are efficient, but there are different dimensions of risk and those lead to different dimensions of expected returns. That's what people should be concerned with in their investment decisions and not with whether they can pick stocks, pick winners and losers among the various managers delivering basically the same product.
What is needed [to combat terrorism], in my view, is resolve, not retreat; courage, not concession. Rather than thinking in terms of an exit strategy, focus on a strategy for success.
The single most damaging misconception about strategy is that it is a set of financial performance goals. The so-called "strategies" created by many managements are nothing more than three-to-five year financial performance forecasts. They are then labeled "strategy" and shipped off to the board of directors which goes through the motions of discussing how big the numbers are. Strategy is not your aspirations. Strategy is concerned with how you will arrange your actions and resources to punch through the challenges you face.
A change of strategy suggests there is a strategy. I don't see a strategy that deals with - that concerns with dealing wit with ISIL overall. There is some sort of strategy for dealing with it in Iraq. I'm not sure there is one in Syria. And Libya is another problem altogether.
Genealogy of ideas. You don’t get to pick your family, but you can pick your teachers and you can pick your friends and you can pick the music you listen to and you can pick the books you read and you can pick the movies you see.
Compromise is not such ignoble and deplorable a thing as we generally think. It is rather an indispensable factor in the political strategy. Any nation that rises against the oppressors is bound to fail in the beginning and to gain partial reforms during the medieval period of its struggle through compromises.
If you believe in a security strategy - a strategy of more friends and fewer enemies, a strategy of greater cooperation and a strategy of keeping America better at home as we grow more diverse - we have to build the minds and hearts to build this kind of world.
My strategy is pretty straightforward, which is to go after the bad guys, to make sure we do our very best to interrupt them, to - to kill them, to take them out of the picture. But my strategy is broader than that. That's - that's important, of course. But the key that we're going to have to pursue is a - is a pathway to get the Muslim world to be able to reject extremism on its own.
Good tactics can save even the worst strategy. Bad tactics will destroy even the best strategy.
The smart strategist allows strategy to be shaped by events. Good reactions can make great strategy. Strategy involves competition of goals, and the risk is the difference between those goals and the ability of the organization to achieve them. So part of the risk is created by the strategy.
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