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If at first you don't succeed, try management.
-Stephen Hawking
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If At First You Don't Succeed, Try

Stephen Hawking
If at first you don't succeed, try management.
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Success Perseverance Persistence

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Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? because it meant that management didn't have this money out at work ... now look. presto! a new fashion! cash is back in! denigrating liquidity has dropped quicker than hemlines. a management is now saluted if it has some cash, some liquidity, doesn't have to go to the money market at huge interest rates to get the wherewithal to keep going and growing. along with ben franklin, my father and your father would understand and applaud this new economic fashion.
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There is an old motto that runs, "if at first you don't succeed, try, try again." this is nonsense. it ought to read, "if at first you don't succeed, quit, quit at once."
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What we call a financial crisis is really at its core a crisis of management, and not just a crisis of management, but a crisis of management culture. ...in other words, what you had is a detachment of people who know the business from people who are running the business.
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People who succeed have momentum. the more they succeed, the more they want to succeed, and the more they find a way to succeed. similarly, when someone is failing, the tendency is to get on a downward spiral that can even become a self-fulfilling prophecy.
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There's increasing consciousness that a "command and control" style of management which one associates with a male model isn't necessarily what works anymore, especially with small to medium sized companies. there's increasing evidence that a more flexible management style, where responsibility is distributed up and down the line, is what works best. and that kind of management style is one that will allow individual workers more flexibility - men and women.
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