“ Waste is corrected by economy; mismanagement is corrected by brains. ”
Henry Ford, My Life and Work (1922). copy citation
| Author | Henry Ford |
|---|---|
| Source | My Life and Work |
| Topic | economy waste |
| Date | 1922 |
| Language | English |
| Reference | |
| Note | |
| Weblink | http://www.gutenberg.org/cache/epub/7213/pg7213-images.html |
Context
“But the laws of business are like the law of gravity, and the man who opposes them feels their power.
Borrowing for expansion is one thing; borrowing to make up for mismanagement and waste is quite another. You do not want money for the latter—for the reason that money cannot do the job. Waste is corrected by economy; mismanagement is corrected by brains. Neither of these correctives has anything to do with money. Indeed, money under certain circumstances is their enemy. And many a business man thanks his stars for the pinch which showed him that his best capital was in his own brains and not in bank loans.”
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