A Quote by Oliver E. Williamson
Managerial discretion can take many forms, some very subtle. Individual managers may run slack operations; they may pursue subgoals that are at variance with corporate purposes; they can engage in self-dealing.
Related Quotes
Arms in the hands of citizens may be used at individual discretion... in private self-defense.
The CIA was revealed to be spying in France, not for military purposes, but for corporate purposes. So this $30 billion spook agency is now at the disposal of these oligarchic corporate structures run by the 1%.
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
In the long run, though, the greatest IT risk facing most companies is more prosaic than a catastrophe. It is, simply, overspending. IT may be a commodity, and its costs may fall rapidly enough to ensure that any new capabilities are quickly shared, but the very fact that it is entwined with so many business functions means that it will continue to consume a large portion of corporate spending.
Some of these challenges may be foreseable, many of them may not. Some of the risks associated with a rapidly changing climate may be quantifiable, many of them may not. Doing nothing is not an option.
It's interesting, because in the corporate stuff there's a dichotomy there, depending on the creator. Even what, in essence, may be a very safe corporate approach, there is some stuff that is allowed to be pushed.
It's interesting, because in the corporate stuff there's a dichotomy there, depending on the creator. Even what, in essence, may be a very safe corporate approach, there is some stuff that is allowed to be pushed
What is true for the emotions may also be true for the intellect. Some of our perplexities may come from a mismatch between the purposes for which our cognitive faculties evolved and the purposes to which we put them today.
The truth may be puzzling. It may take some work to grapple with. It may be counterintuitive. It may contradict deeply held prejudices. It may not be consonant with what we desperately want to be true. But our preferences do not determine what's true.
Transnational corporate networks, and their resulting spatial patterns, are always in a continuous state of flux. At any one time, some parts may be growing rapidly, others may be stagnating, others may be in steep decline.
Grant that I may become beautiful in my soul within, and that all my external possessions may be in harmony with my inner self. May I consider the wise to be rich, and may I have such riches as only a person of self-restraint can bear or endure.
You take a sound, any sound, record it and then change it's nature by a multiplicity of operations. You record it at different speeds; you play it backwards; you add it to itself over and over again. You adjust filters, echoes, acoustic qualities…you produce a vast and subtle symphony. It's a sort of modern magic. We think there's something in it. Some musicians believe it may become an art form in its own right.
If a man brings a good mind to what he reads he may become, as it were, the spiritual descendant to some extent of great men, and this link, this spiritual hereditary tie, may help to just kick the beam in the right direction at a vital crisis; or may keep him from drifting through the long slack times when, so to speak, we are only fielding and no balls are coming our way.
There are various art forms we may or may not have talent for, may or may not have time for, and we may or may not be able to express ourselves in, but we ought to consider this fact-that whether we choose to be an environment or not, we are. We produce an environment other people have to live in. We should be conscious of the fact that this environment which we produce by our very 'being' can affect the people who live with us or work with us.
Young children are unlikely to have their self-esteem strengthened from excessive praise or flattery. On the contrary, it may raise some doubts in children; many children can see through flattery and may even dismiss an adult who heaps on praise as a poor source of support-one who is not very believable.
Some well-to-do parents may say, "I have a right to have as many children as I want because I can take care of them." That may be so, but can the Earth take care of them?
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist