Frances Hesselbein Quotes

The original and brilliant idea of an MBA was the opportunity for students to study the theory and application of business and management principles.

I was a business management major.

Most regular, two-year MBA programs provide both experience and the capacity to link together the essential elements of management such as finance, marketing, organizational behavior, and operations.

The primary goal of management education was, as originally conceived, to impart knowledge that could be applied to a variety of real-world business situations.

When I became an entrepreneur, I had the knowledge to develop and manage budgets, market products and review legal contracts.

To operate a company of the size of Sears Holdings or Wal-Mart or Target or Home Depot or Lowe's, you need a combination of skills, and each of those skills needs to be sufficiently strong.

No nation has embraced Total Quality Management, e-commerce and e-government with greater enthusiasm than Dubai. Such innovations have given Dubai a competitive edge and an accelerated growth rate that few could match.

If you can run one business well, you can run any business well.

My expertise is running businesses.

It's much more difficult running a business than buying one.

I have run large organizations, I know what it takes to create a healthy business climate, and I have more experience than Jerry Brown doing that. So it'll be a stark contrast, a career politician vs. someone who has met a payroll, gotten a return on investment, knows how to use technology to do more with less.

Anyone who has actually had to take responsibility for consequences by running any kind of enterprise whether economic or academic, or even just managing a sports team is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.

As far as business moguls, I'm always a fan of how Jay Z moves. He was just always very strategic ever since he came into the game.

If I'm setting up a new business I'll spend three or four months learning everything there is about that business, everything there is about that subject and then I will find good people to run it on a day-to-day basis, but whilst they're running it at least I know what they're talking about when they come back to me.

When something becomes a business, 50% of your decisions are what you have to do and not what you want to do.

I'm not one for conventional wisdom. I founded my label in 1998, but after the 9/11 terrorist attacks, my Japanese backers pulled out, and I couldn't afford to produce the line myself. I needed fresh ideas from someone who understood technology, since that was the direction the business was going.

There needs to be a bigger focus on creative innovation versus business models and cash flow.

Small businesses are more nimble and innovative than large corporations, and as a result are much more likely to develop the breakthrough ideas we need for global competitiveness.

Running a business is incredibly hard, especially as a creative person, because you're extricated from the creative very quickly, and that is really hard. Obviously, I have experienced that first hand.

I'm really not a great businessperson. I understand business, and I understand numbers, but I think what I understand more than that is people... Ultimately, I think businesses fail and people fail because they don't have their act together.

The only way to fix Puerto Rico is with brain game, to bring the intellectual and human capital there - in a way that it's done with the right intention.

As an entrepreneur, it's easy to feel ownership over every aspect of your business because you're putting your reputation, your money, and other people's money on the line. Oh, and you're sleeping, breathing, and eating your passion project - that, too. But if you try to do it all yourself, you're almost certain to fail.

When I was a label head, I didn't think I was greedy. I've always run my own race.

I wanted to understand the business side of entertainment, and that's why I decided to complete my MBA while I was in Delhi.

One of the biggest motivation for me and my co-founder was to learn and see what is happening in the market, see what next generation of entrepreneurs are doing. This has been the biggest motivation to investing in start-ups.