"The primary object of an enterprise must be to enrich the lives of people."
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About Alfred P. Sloan
Alfred P. Sloan Jr. (1875-1966) was an American business executive and philanthropist best known for his long tenure as the President and Chairman of General Motors. Under his leadership, General Motors became the world's largest corporation and exemplified modern management practices. Sloan was a key figure in the development of the concept of planned obsolescence and introduced innovations like the annual model change system. He is also credited for creating the modern corporate structure with centralized decision-making and hierarchical management.
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"Follow the path of high courage. Fight for the right principles as you conceive them."
"The Sloan way means a philosophy which demands from the individual initiative, courage, foresight, and vision."
"Given change, uncertainty, and risk... you must proceed with foresight and with courage."
"Reasoned decision-making is more important than ensuring sharp administrative control."
"The truth emerges. It's not always easy. It's not always the primary objective. But the truth emerges."