Tomáš Baťa: Quotes about money

Tomáš Baťa was Czech businessman. Explore interesting quotes on money.
Tomáš Baťa: 14 quotes2 likes

“The Bata system of management is a testimony to the understanding that capital is knowledge and not money, buildings or technology:Buildings-they are just piles of brick and concrete. Machines-they are a lot of iron and steel. Only people can give life to it all.”

Tomáš Baťa

Bata, Tomas. Knowledge in Action: The Bata System of Management. IOS Press, 1992.

“Do not pursue money. He who pursues money will never achieve it. Serve! If you serve as best as you can, you will not be able to escape money.”

Tomáš Baťa

Attributed to Tomas Bata in: Tribus, Myron. "Lessons from Tomas Bata for the Modern Day Manager." Tvůrčí odkaz Tomáše Bati a současné podnikatelské metody (2001).
Attributed to Tomas Bata

“We do not have any production secrets. We invest a lot of effort and money in new research projects. However, before our new invention is used in real life, we usually invent something better. For this reason, we do not have a single patent to protect our inventions.”

Tomáš Baťa

Attributed to Tomas Bata at tomasbata.com, 2015
Attributed to Tomas Bata

“Let's bear in mind that the chances to multiply wealth are unlimited. All people can become rich. There is an error in our understandings - that all people cannot become equally rich. Wealth can not exist where the people are busy with mutual cheating, have no time for creating values and wealth. It is remarkable that we can find the greatest number of wealthy tradesmen and a population on a high standard of living in countries with a high level of business morality. On the other hand, we can find poor tradesmen and entrepreneurs and an impoverished population in countries with a low standard of business morality. This is natural because these people concentrate on cheating one another instead of trying to create value.
We are granting you the profit share not because we feel a need to give money to the people just out of the goodness of the heart. No, we are aiming at other goals by this step. By this measure we want to reach a further decrease of production costs. We want to reach the situation that the shoes are cheaper and workers earn even more. We think that our products are still too expensive and worker's salary too low.”

Tomáš Baťa

Attributed to Tomáš Baťa in: Rybka, Zdeněk. Principles of the Bata Management System. Tomas Bata University, Faculty of Management and Economics, 2013.
Attributed to Tomas Bata