BUSINESS SAYINGS
Essentials
Grenoble Ecole de Management /
December 1st , 2009
1
PLANS ARE UNIMPORTANT. PLANNING IS ESSENTIAL.
DWIGHT EISENHOWER
PRESIDENT
IN THE BUSINESS WORLD, THE REARVIEW MIRROR IS ALWAYS CLEARER THAN THE
WINDSHIELD.
WARREN BUFFET
ONLY INVEST IN BUSINESS YOU UNDERSTAND.
WARREN BUFFET
More Warren Buffet’s quotes on: http://www.brainyquote.com/quotes/authors/w/warren_buffett.html
Intellect has a keen eye for method and technique,
But is blind to aim and value .
Albert Einstein
RISK COMES FROM NOT KNOWING WHAT YOU'RE DOING.
WARREN BUFFET
More Warren Buffet’s quotes on: http://www.brainyquote.com/quotes/authors/w/warren_buffett.html
Content: BP communication is not
• Sales forecast
• Thesis
Grenoble Ecole de Management /
December 1st , 2009
7
THINK
JOHN WATSON, IBM’S PRESIDENT
Usual Pitfalls:
“first three cases”
Grenoble Ecole de Management /
December 1st , 2009
9
I THINK THERE IS A WORLD MARKET FOR MAYBE FIVE COMPUTERS
JOHN WATSON, IBM’S PRESIDENT, 1943
THE MORE MATURE A BUSINESS IS, THE MORE WE RELY ON NUMBERS.
FOR NEWER BUSINESSES, THE NUMBERS MATTER LESS AND THE WORDS MATTER
MORE.
INVESTMENT BANKER
Day 2: Stakeholders expectations
Health industries specifics
Grenoble Ecole de Management /
December 1st , 2009
12
WRITING A BUSINESS PLAN FORCES YOU INTO DISCIPLINED THINKING IF YOU DO AN
INTELLECTUALLY HONEST JOB.
AN IDEA MAY SOUND GREAT IN YOUR MIND, BUT WHEN YOU PUT DOWN THE
DETAILS AND NUMBERS IT MAY FALL APART.
VC
Health Industries specifics
Grenoble Ecole de Management /
December 1st , 2009
14
THE BEST WAY TO HAVE A GOOD IDEA IS TO HAVE LOTS OF IDEAS
L. PAULING
CHEMIST
Note: I would be cautious in playing the numbers game with investors
IF YOU DON’T KNOW WHAT THE CUSTOMER BENEFIT IS THE WHOLE THING IS A
WASTE OF TIME
BRANCO WEISS
ENTREPRENEUR
IF THERE IS NO COMPETITION, THERE IS PROBABLY NO MARKET
B. WOOD
IT IS EASY TO FORECAST NUMBERS WITH TODAY’S SOFTWARE.
SHOW ME THE BUSINESS MODEL AND YOUR ASSUMPTIONS.
INVESTMENT BANKER
IF YOU CAN’T SAY IT CLEARLY AND SIMPLY KEEP QUIET AND KEEP WORKING ON IT
TILL YOU CAN
KARL POPPER
PHILOSOPHER
Charts
Make extensive use of bar charts and pie charts to
illustrate the numbers.
Grenoble Ecole de Management /
December 1st , 2009
20
CE QUI SE CONCOIT BIEN S’ENONCE CLAIREMENT
ET LES MOTS POUR LE DIRE VIENNENT AISEMENT
NICOLAS BOILEAU-DESPRÉAUX
If you can’t explain simply, you don’t understand
Albert Einstein
Simplicity is the ultimate sophistication
Leonardo DA Vinci
Insecure managers create complexity
Jack Welsch
The first question is « why do it at all »
Peter drucker
CE QUI SE CONCOIT BIEN S’ENONCE CLAIREMENT
ET LES MOTS POUR LE DIRE VIENNENT AISEMENT
NICOLAS BOILEAU-DESPRÉAUX
CE QUI SE CONCOIT BIEN S’ENONCE CLAIREMENT
ET LES MOTS POUR LE DIRE VIENNENT AISEMENT
NICOLAS BOILEAU-DESPRÉAUX
CE QUI SE CONCOIT BIEN S’ENONCE CLAIREMENT
ET LES MOTS POUR LE DIRE VIENNENT AISEMENT
NICOLAS BOILEAU-DESPRÉAUX
THE SEEDS OF EVERY COMPANY’S DEMISE ARE CONTAINED IN ITS BUSINESS PLAN
F ADLER
Grenoble Ecole de Management /
December 1st , 2009
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