Sunday, June 15, 2008

"The Best Advice I Ever Got"

Warren Buffett, Richard Branson, Meg Whitman, A.G. Lafley, and 24 other luminaries on the people who most influenced their business lives.

You're right not because others agree with you, but because your facts are right.
Warren Buffett, CEO of Berkshire Hathaway

Make a fool of yourself. Otherwise you won't survive.
Richard Branson, Founder of Virgin Atlantic Airways and the Virgin Group

Recognize the skills and traits you don't possess, and hire people who have them.
Howard Schultz, Chairman of Starbucks

Have the courage to stick with tough job
A.G. Lafley, Chairman and CEO of Procter & Gamble

Follow your own instincts, not those of people who see the world differently.
Sumner Redstone, Chairman and CEO of Viacom

Be nice, do your best--and most important, keep it in perspective. "'Always do the best job you can do at whatever you're assigned, even if you think it's boring.' you get ahead by crediting other people
Meg Whitman, CEO and President of eBay

Be yourself.
He said to me, 'Jack, don't forget who you are and how you got here.'
Jack Welch, Former chairman and CEO of General Electric

Don't listen to the naysayers.
Sallie Krawcheck, CFO of Citigroup

Don't limit yourself by past expectations.
"The best advice I ever got was from an elephant trainer in the jungle outside Bangalore. I was doing a hike through the jungle as a tourist. I saw these large elephants tethered to a small stake. I asked him, 'How can you keep such a large elephant tied to such a small stake?' He said, 'When the elephants are small, they try to pull out the stake, and they fail. When they grow large, they never try to pull out the stake again.' ",
Vivek Paul, President and CEO of Wipro Technologies

When you negotiate, leave a little something on the table.
John Donahoe Dick Parsons, Chairman and CEO of Time Warner

When "everyone knows" something to be true, nobody knows nothing'.
Professor Schmidt's saying prompted me to think for myself, go back to first principles, and base knowledge on facts and analysis rather than on what 'everybody knew.'"
Andy Grove, Chairman of Intel

Remember the parable of the cow in the ditch..
Anne Mulcahy, CEO of Xerox

All you really own are ideas and the confidence to write them down.
Brian Grazer Academy Award--winning movie and TV producer, Imagine Entertainment

Regularly sit at the feet of Peter Drucker.
One of them is that there's a difference between effectiveness and efficiency. Efficiency is doing things right, and effectiveness is doing the right thing.
Rick Warren, Minister, founder of Saddleback Church and author of The Purpose-Driven Life

The real discipline comes in saying no to the wrong opportunities.
Jim Collins, Author of the bestseller Good to Great

Get good--or get out.
Peter Drucker, Business consultant

Start young.
Ted Turner, Founder of CNN and former vice chairman of Time Warner

Balance your work with your family.
If you have a closer family, you can be a lot more focused when you're at work
David Neeleman, CEO of JetBlue

Bail out of a business that isn't growing.
Mickey Drexler, CEO of J. Crew

Let others take the credit.
Brian Roberts, CEO of Comcast

Incorporate philanthropy into your corporate structure.
Marc Benioff, Founder and CEO of

Surround yourself with people of integrity, and get out of their way.
The right people will feel far more pressure to perform well when they are trusted.
Hector Ruiz, CEO of AMD

If you love something, the money will come.
Donny Deutsch, CEO of Deutsch Inc. and host of CNBC's The Big Idea With Donny Deutsch

Keenly visualize the future.
Klaus Kleinfeld, CEO of Siemens

Don't chart your career path too soon.
Ann Fudge, Chairman and CEO of Young & Rubicam Brands

Respect people for who they are, not for what their titles are.
Herb Kelleher, Founder and chairman of Southwest Airlines

You can learn from anyone.
Clayton Christensen, Harvard Business School professor

Do what you love.
Ted Koppel, Anchor of ABC's Nightline

Source Fortune Magazine – March 21, 2005

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