February 17, 2010

Management, The Plan, And A Very Distant Third, The Product

"In modern business it is not the crook who is feared most, it is the honest man who doesn't know what he is doing."

Owen D. Young
Early 20th century American industrialist

Which is why smart money looks to invest in individuals whose business plan and management is better than the idea or product itself.

How's yours?


  1. I've not thought of it this way before but my company has a lot of patented, intellectual property, and little to show for it. We have the ideas, but not the plans nor management to execute on them if we did.

  2. I suppose it's like building a house. You need the plan, the tools and someone who knows how to use both. Any two or one with out the other is a non starter.