Business, Lee Iacocca

In the end, all business operations can be reduced to three words: people, products, and profits. People come first. Unless you've got a good team, you can't do much with the other two.

- Lee Iacocca (1924- )

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I constantly ask myself what the most important aspect in business is; Is it strategy, marketing, human resources or skill? Other than that, there are cultural significance, brand power and quality- which are also essential requirements to running a successful business. However, nowadays, I find myself appreciating the importance of human resources more- what do you think?

How to do business

How to do business

Dad: I want you to marry a girl of my choice.
Son: No!
Dad: The girl is Bill Gates' daughter.
Son: Then okay

Dad goes to Bill Gates.
Dad: I want your daughter to marry my son.
Bill Gates: No!
Dad: My son is the CEO of Goldman Sachs.
Bill Gates: Then okay.

Dad goes to the Chairman of Goldman Sachs.
Dad: Appoint my son as CEO.
Chairman: No!
Dad: He is the son-in-law of Bill Gates
Chairman: Then okay.

THIS IS DOING BUSINESS

Business? (Alexandre Dumas)

Business? It's quite simple. It's other people's money.

- Alexandre Dumas