“Whether you are big or small, or face a high or low potential for crisis, a day devoted to discussing company business is never wasted.”

Source: Crisis Management: A Model For Managers (1993), p. 23

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Wheeler L. Baker22

President of Hargrave Military Academy 1938

Haidakhan Babaji teacher in northern India

Karma yoga
Source: The Teachings of Babaji, 1 February 1984.

“The best way to support dreams and stretch is to set apart small ideas with big potential, then give people positive role models and the resources to turn small projects into big businesses.”

Jack Welch (1935) American executive: General Electric CEO

Source: Jack: Straight from the Gut (2001), Ch. 3.

“Leaders and managers do not have to risk lives, profit, or mission failure because they failed to plan for a crisis. Do not allow yourself to be put on the defense by changing circumstances. No one enjoys wasting time, but don't be reluctant to call a meeting just to discuss something that might happen. Remember the oil filter theory. Rather than disobey your instincts and proceed with the status quo or embark on a risky course, invest some planning time in your business. Control your risks. Identify important decision points. Forecast potential crisis. Apply the six hour model. A little time spent discussing your business is never wasted.”

Wheeler L. Baker (1938) President of Hargrave Military Academy

Source: Crisis Management: A Model For Managers (1993), p. 74

“I've always loved high style in low company.”

Anita Loos (1889–1981) Actress, novelist, screenwriter, TV producer

“The risk of a business being hit by a low probability, high impact event is far higher than most boards realise because the number of potential wild cards is so great.”

Patrick Dixon book Futurewise

Futurewise (1998)

“You never want a serious crisis to go to waste. … This crisis provides the opportunity for us to do things that you could not before.”

Rahm Emanuel (1959) politician, investment banker, White House Chief of Staff

Interview to the Wall Street Journal, November 19, 2008. http://www.youtube.com/watch?v=_mzcbXi1Tkk About the quote: Emanuel was not the first to express this idea, as pointed out in a 2009 New York Times Magazine article https://www.nytimes.com/2009/08/02/magazine/02FOB-onlanguage-t.html. However this statement - which proposed a way the Obama administration could actually harness the chaos of the Financial Crisis of 2008 - became a frequently-repeated slogan https://www.forbes.com/2008/11/24/global-crisis-management-lead-management-cx_snj_1124joni.html#1ac549f65e5e for many economists, policy makers and business people who sought to improve the world's financial and economic systems.<br> / 2000s