Alfred P. Sloan Quotes


There is no resting place for an enterprise in a competitive economy.


Citations

Alfred P. Sloan, 1875-1966, Philanthropist and Chairman, General Motors Corporation, My Years with General Motors, 1964

Sourced by: Eigen's Political and Historical Quotations

Related Quotes

This is an important quotation because Ellison, one of the best businessmen in the world is also much more candid than most others. Here he admits that he strives to achieve monopoly status for his company. Almost all large businesses try to become monopolies so that they do not have to compete on price, quality, and service. Few will admit publicly that much of their effort goes towards an objective that is detrimental to the nation and society and in is in large part illegal.


Alfred P. Sloan
Alfred P. Sloan
  • Born: May 23, 1875
  • Died: February 17, 1966
  • Nationality: American
  • Profession: Businessman

Alfred Pritchard Sloan Jr. was an American business executive in the automotive industry. He was a long-time president, chairman and CEO of General Motors Corporation. Sloan, first as a senior executive and later as the head of the organization, helped GM grow from the 1920s through the 1950s, decades when concepts such as the annual model change, brand architecture, industrial engineering, automotive design (styling), and planned obsolescence transformed the industry, and when the industry changed lifestyles and the built environment in America and throughout the world.