Industry quotes

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Edward_Emil_David

Software Engineer Training

"The problem of how the software engineers will get their practice is precisely the same as in other fields of engineering, and is insoluble. This is recognized in industry, where one makes sure that the young engineers coming in will get the proper kind of experience in time."

Peter_Drucker

Functioning Society or Tyranny

“We have only one alternative: either to build a functioning industrial society or see freedom itself disappear in anarchy and tyranny.”
  • Source: Drucker, P. F. (1942). The Future of Industrial Man. Page 96. DOI: 10.4324/9781315132143.

Ordering Others About

“It does not follow from the separation of planning and doing in the analysis of work that the planner and the doer should be two different people. It does not follow that the industrial world should be divided into two classes of people: a few who decide what is to be done, design the job, set the pace, rhythm and motions, and order others about; and the many who do what and as they are told.”
  • Source: Peter Drucker, “The Practice of Management” New York,: Harper, 1st ed. 1954 ; Routledge, 2012, p. 284.

Henry_Ford

Wages

“There is nothing to running a business by custom – to saying: 'I pay the going rate of wages.' The same man would not so easily say: 'I have nothing better or cheaper to sell than any one has.' No manufacturer in his right mind would contend that buying only the cheapest materials is the way to make certain of manufacturing the best article. Then why do we hear so much talk about the 'liquidation of labour' and the benefits that will flow to the country from cutting wages – which means only the cutting of buying power and the curtailing of the home market? What good is industry if it be so unskillfully managed as not to return a living to everyone concerned? No question is more important than that of wages – most of the people of the country live on wages. The scale of their living – the rate of their wages – determines the prosperity of the country.”
  • Source: Henry Ford. A book. Entitled My Life and Work. Written by Henry Ford in collaboration with Samuel Crowther. Published 1922, Garden City, NY: Doubleday. Chapter VIII.

Capital

“Capital that is not constantly creating more and better jobs is more useless than sand. Capital that is not constantly making conditions of daily labour better and the reward of daily labour more just, is not fulfilling its highest function. The highest use of capital is not to make more money, but to make money do more service for the betterment of life. Unless we in our industries are helping to solve the social problem, we are not doing our principal work.”
  • Source: Henry Ford. A book. Entitled My Life and Work. Written by Henry Ford in collaboration with Samuel Crowther. Published 1922, Garden City, NY: Doubleday. Chapter XIII.

Grace_Hopper

Never Take First No

“Never, never, never take the first no. There are a certain number of people in business, industry, and government who always say no the first time you suggest something new, because they're lazy. And if they say yes, they're going to have to do something about it. But there's another group, they are even more dangerous in a way, who always say no the first time you say something new or different because they want to see if you believe in it enough to come back and ask again. So never take the first no. Always go back and ask again. As a matter of fact, I take about four no's and then I figure out how to get around the guy, but that technique comes with age. I ran into one of these guys... I noticed he always said no to things the first time. So the next time I went in to suggest something I said ‘let's pretend this is the second time I'm presenting this’. I said, ‘you always say no the first time’. And he looked at me with the funniest expression. I had him over the barrel from then on because I'd just go and say, ‘this is the fourth time I'm requesting this, let's just say yes now’. So never, never, never take the first no on a new concept. It's terribly important that we listen to our youngsters.”
  • Source: Grace Hopper in a lecture delivered 1982-08-19 at the NSA (National Security Agency). Video available at YouTube as “NSA Releases Internal 1982 Lecture by Computing Pioneer Rear Admiral Grace Hopper”, channel The Black Vault Originals, online at <https://youtu.be/_bP14OzIJWI?si=wcUTl04b4p4scY6k>, posted 2024-08, retrieved 2024-08. Quote in video at 26:28.

Steve_Jobs

Show_Them

“We have a lot of customers, and we have a lot of research into our installed base. We also watch industry trends pretty carefully. But in the end, for something this complicated, it's really hard to design products by focus groups. A lot of times, people don't know what they want until you show it to them. That's why a lot of people at Apple get paid a lot of money, because they're supposed to be on top of these things.”

Adam_Smith

Invisible Hand

“By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.”
  • Source: Adam Smith (1776) An Inquiry into the Nature and Causes of the Wealth of Nations. London, England: ‎W. Strahan and T. Cadell. Book IV chapter II.