The late Alfred P. Sloan, Ir., long-time executive of…
“The late Alfred P. Sloan, Ir., long-time executive of General Motors Corporation, had a fivepoint "secret of success." It was: 1. Get the facts. 2. Recognize the equities of all concerned. 3. Realize the necessity of doing a better job every day. 4. Keep an open mind. 5. Work hard.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Success requires factual grounding, fairness, continual improvement, openness, and hard work.
In simple terms: Follow facts, fairness, improvement, openness, effort.
Key Takeaway
Apply these five principles daily.
Themes
leadership
success
principles
Mood
inspirational
practical
Type
motivational
instructional
When to use this quote
- business strategy
- team meetings
- personal development
Key Concepts
management
ethics
continuous improvement
Questions to Reflect On
- Which principle is hardest for you to practice?
- How does openness foster innovation?
A Different Perspective
Neglecting any principle can undermine outcomes.