Accounting is the language of business.
You have to know accounting. It's the language of practical business life. It was a very useful thing to deliver to civilization. I've heard it came to civilization through Venice which of course was once the great commercial power in the Mediterranean. However, double entry bookkeeping was a hell of an invention.
French is the most beautiful,” he said, “and Italian is the most poetic, and Russian the most powerful, German the most solid. But more business is done in English than in any other.
A good many of the special words of business seem designed more to express the user's dreams than to express a precise meaning.
All businessmen - how do they communicate? God knows. Sign language, probably.
Our business is infested with idiots who try to impress by using pretentious jargon.
Lets take the best of our ideas from Global Drucker Forum, and the best of our language, and then focus and clarify.
The moment people talk of "implementing" instead of "doing," and of "finalizing" instead of "finishing," the organization is already running a fever.
Corporate tweets are like one robot talking to another.
If you don't care about the lapel or the buttons or the fit, then you are doing a disservice to the consumer. We're all inside the tunnel, speaking the language of business, but we need to speak the language of customers.
Of all the depressing abuses of language in business, there is none that gets me so incensed as the rampant overuse of the word 'passionate' in company slogans, marketing blurbs, mission statements and on the sides of vans.
If Japanese companies don't reform drastically and implement English as their daily business language, the economy will only continue to contract.
You have to understand accounting and you have to understand the nuances of accounting. It's the language of business and it's an imperfect language, but unless you are willing to put in the effort to learn accounting - how to read and interpret financial statements - you really shouldn't select stocks yourself
