Sir John Banham 1987-1992, Director General of the Confederation of British Industry "We are in danger of valuing most highly those things we can measure most accurately, which means that we are often precisely wrong rather than approximately right" Drucker 1909-2005, American management guru "Erroneous assumptions can be disastrous" Woody Allen 1935-, American author, director, producer and writer Let us pray we have the wisdom to choose correctly" "More than any other time in history, mankind faces a crossroads: One path leads to despair and hopelessness, and the other to total extinction. Warren Buffet 1930-, American Investment Entrepreneur " Earnings can be pliable as putty when a charlatan heads the company reporting them" "Do not count your chicken before they stopped breeding" Ian Wilson, American scenario planning expert and strategy consultant "However good our futures research may be, we shall never be able to escape from the ultimate dilemma that all our knowledge is about the past, and all our decisions are about the future" Johann Wolfgang von Goethe 1749-1832, German poet, novelist and dramatist Boldness has genius, power and magic in it" "Whatever you do, or dream you can do, begin it. "He who owns a hundred sheep must fight with fifty wolves" "For every complex problem there is a simple solution that is wrong" William of Ockham 1285–1349, English Franciscan friar and philosopher, from Ockham, a small village in Surrey "Of two equivalent theories or explanations, all other things being equal, the simpler one is to be preferred" Taylor in The Moment of Complexity: Emerging Network Culture, 2001 " Uncertainty is not a result of ignorance or the partiality of human knowledge, but is a characteristic of the world itself" " Watch the costs and the profits will take care of themselves"Īndrew Carnegie 1835-1919, Scottish industrialist William Bruce Cameron in "Informal Sociology: A Casual Introduction to Sociological Thinking" (1963), American Professor of Sociology "Not everything that can be counted counts, and not everything that counts can be counted." How many times have you bought something fancy and complicated, only for it to break and then cost you the earth or fix or replace? When a simple version of the same item may not have been as “cool”, but it lasts you for years and years and years.Enjoy these pearls of wisdom and famous quotes on making decisions and valuation. Simplicity Means Fewer Defect and Mistakesīy reducing things to their most simple form, we’re also reducing the opportunity for mistakes, breakages and defects. Then, but seeing what they like or don’t like, and also seeing whether anyone actually cares enough to buy it, you are able to determine whether to build more, create more features, or to pivot into a new or different idea. An MVP is the most minimal, usable feature that you can build and release to your customers so they can see, feel and touch it. This is the also concept of the Minimum Viable Product or MVP from the Lean Startup. Others may not be so lenient – they may instead consider it just plain stupid. In other words, if you are using a million dollars to build a product when it could be built for $1,000, he considers this vain. Not only has he said that everything should be as simple as possible, but he actually states that it is simply vain to do more what can be done with less. This quote takes William of Ockham’s thoughts a step further. He is considered to be one of the major figures of medieval thought and is most commonly known for Occam’s razor, the principle that everything should be as simple as possible, but no simpler. William of Ockham was an English friar, philosopher, and theologian. Have you heard this leadership quote from the creator of “Occam’s Razor”, William of Ockham? “It is vain to do more what can be done with less.” – William of Ockham
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