On Business

The product or service is the mean by which the company or organisation generates value and meets the needs of consumers, and by which it maintains lasting and profitable relationships with its customers.

To do business is to serve customers.

“For a number of years, mainland Chinese buyers have accounted for nearly all new apartment sales in Melbourne and Sydney. On numbers I’ve seen, they have been investing between A$2 billion and $3 billion a year.”

via http://www.economicpolicyjournal.com

What a CEO does

A CEO does only three things. Sets the overall vision and strategy of the company and communicates it to all stakeholders. Recruits, hires, and retains the very best talent for the company. Makes sure there is always enough cash in the bank.

Fred Wilson