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" A guy named Charlie Beacham was my first mentor at Ford. He taught me the importance of the dealers, and he rubbed my nose in the retail business. "
Lee Iacocca
Retail
Business
Guy
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" In the end, all business operations can be reduced to three words: people, product, and profits. "
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" We at Chrysler borrow money the old-fashioned way. We pay it back. "
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Money
Finance
Borrow
" So what do we do? Anything. Something. So long as we just don't sit there. If we screw it up, start over. Try something else. If we wait until we've satisfied all the uncertainties, it may be too late. "
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Late
Long
Start
" The affections are like lightning: you cannot tell where they will strike till they have fallen. "
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" I was at Ford for 32 years. I went to Chrysler in 1978, four or five months after I got canned by Henry Ford. "
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Five
Chrysler
Months
" People want economy and they will pay any price to get it. "
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" If you want to make good use of your time, you've got to know what's most important and then give it all you've got. "
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Know
Good
Important
" One of the things the government can't do is run anything. The only things our government runs are the post office and the railroads, and both of them are bankrupt. "
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Office
Run
Post Office
" You can have brilliant ideas, but if you can't get them across, your ideas won't get you anywhere. "
Lee Iacocca
Brilliant
Your
You
" My father always used to say that when you die, if you've got five real friends, then you've had a great life. "
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You
Life
Friends
" Chrysler builds great cars. "
Lee Iacocca
Builds
Chrysler
Great
" I have always found that if I move with seventy-five percent or more of the facts that I usually never regret it. It's the guys who wait to have everything perfect that drive you crazy. "
Lee Iacocca
Facts
Drive
Regret
" There are times when even the best manager is like the little boy with the big dog, waiting to see where the dog wants to go so he can take him there. "
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Manager
Waiting
See
" The one word that makes a good manager - decisiveness. "
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Good
Manager
One Word
" In times of great stress or adversity, it's always best to keep busy, to plow your anger and your energy into something positive. "
Lee Iacocca
Stress
Adversity
Anger
" Every business and every product has risks. You can't get around it. "
Lee Iacocca
Risks
You
Business
" Management is nothing more than motivating other people. "
Lee Iacocca
Management
Work
People
" No matter what you've done for yourself or for humanity, if you can't look back on having given love and attention to your own family, what have you really accomplished? "
Lee Iacocca
Love
Family
Yourself
" There is no substitute for accurate knowledge. Know yourself, know your business, know your men. "
Lee Iacocca
Know
Business
Men
" Chrysler invented rebates, I'm sorry to say. I didn't have anything to do with that. A lot of flaky deals were made in order to give the customer enough cash for a down payment. "
Lee Iacocca
Say
Cash
Customer
" To succeed today, you have to set priorities, decide what you stand for. "
Lee Iacocca
Stand
Succeed
Today
" The speed of the boss is the speed of the team. "
Lee Iacocca
Boss
Team
Speed
" In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something else. "
Lee Iacocca
Society
Best
Teachers
" Any supervisor worth his salt would rather deal with people who attempt too much than with those who try too little. "
Lee Iacocca
Salt
Too Much
Try
" I've always found that the speed of the boss is the speed of the team. "
Lee Iacocca
Team
Found
Always
" The most successful businessman is the man who holds onto the old just as long as it is good, and grabs the new just as soon as it is better. "
Lee Iacocca
New
Man
Long
" Apply yourself. Get all the education you can, but then, by God, do something. Don't just stand there, make it happen. "
Lee Iacocca
Education
God
Stand
" I guess I invented extended warranties, because that's all we had to sell at Chrysler in those days. "
Lee Iacocca
Guess
Those
Sell
" What is wrong with changing your mind because the facts changed? But you have to be able to say why you changed your mind and how the facts changed. "
Lee Iacocca
Wrong
Facts
Mind
" We've got to pause and ask ourselves: How much clean air do we need? "
Lee Iacocca
Got
Pause
Need