Jamie Dimon Quotes

Innovation is critical to the heartbeat of any successful corporation in the industrialized world.

In order to become a success, a business doesn't just have to do well, it has to to better than its competitors. Being number one isn't just about bragging rights. Often it means the difference between prospering and merely hanging on.

Just like football, business is a game of inches, where the smallest advancement or advantage can mean the difference between winning and losing.

Understanding how to compete better has really made a difference.

I think we operate in a very dynamic marketplace, and as such, we need to constantly innovate.

I understand the highs and lows of building a global business from the ground and taking that initial product idea all the way to the market.

With experience also comes the understanding that you have to beat the rally before you can beat the competition.

Every business makes big mistakes along the way.

A good idea is not enough. It must be the fit of a particular idea for a particular entrepreneur and, ideally, unfair advantages in why said particular entrepreneur is going to address said particular idea.

Lots of business owners spend their lives trying to land the whale - the single, massive, brand-name account that will fatten the top line and bestow instant credibility. But big customers make me nervous.

I have a couple different businesses.

We're a company that's gone through many cycles and evolutions, and every time we have a major success, we double down and use the money from that to fund our initiatives and so forth.

Innovation means taking risks, and that is where the private sector can play a role.

M&A is always an opportunistic tool to grow a company.

I've been a business person for 30 years. I started my own companies; I've invested in others.

In the wake of the Great Recession, most business leaders have tended to focus on their enterprise and short-term performance. The time for that narrow focus is over.

Leaders of companies of any size, at any stage of development spend a lot of time focused on growing the business. We develop our game plan and ensure that we are optimally executing on our objectives. We concentrate on looking forward.

I'm not going to run my business on the basis of quarterly numbers.

Running your own business is a huge amount of fun, but there's also a huge amount of seriousness, so actually, they level out.

I think I have a real feel for the industries that are being successful and where opportunities are, and the big issue that I really care about is U.S. competitiveness.

The biggest challenge being an entrepreneur is knowing what you are good at and what you need to build on.

You can't run a business just by selling one thing.

One of the things that slightly annoys me in business is that we use words like innovation. Young people often think innovation is about doing something new, but actually it's not. It's about doing something better than your competition.

I have always loved the competitive forces in this business. You know I certainly have meetings where I spur people on by saying, "Hey, we can do better than this. How come we are not out ahead on that?" Thats what keeps my job one of the most interesting in the world.

American business can out-think, out-work, out-perform any nation in the world. But we can't beat the competition if we don't get in the ball game.