--- title: "Meaning & Key Takeaway of: People need to understand: Businesses are…" description: "\"People need to understand: Businesses are going to make mistakes. They shouldn't be shot and hung every time.\" — Jamie Dimon" image: "https://sms4smile.com/quotes/i/8f3/jamie-dimon-1320_business_people-need-to-understand-businesses-are_2484070.png" --- # People need to understand: Businesses are going to make… ![“People need to understand: Businesses are going to make mistakes. They shouldn't be shot and hung every time.” quote by Jamie Dimon](https://sms4smile.com/quotes/i/8f3/jamie-dimon-1320_business_people-need-to-understand-businesses-are_2484070.png) [Download](https://sms4smile.com/quotes/i/8f3/jamie-dimon-1320_business_people-need-to-understand-businesses-are_2484070.png) [Open image](https://sms4smile.com/quotes/i/8f3/jamie-dimon-1320_business_people-need-to-understand-businesses-are_2484070.png) > “People need to understand: Businesses are going to make mistakes. They shouldn't be shot and hung every time.” [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Advises tolerance for corporate errors, urging against punitive overreactions that harm business stability. **In simple terms:** Businesses will err; don’t overpunish them. Key Takeaway Promote measured responses to mistakes. Themes business mistakes accountability Mood pragmatic cautious Type leadership corporate When to use this quote - product launches - financial reporting - regulatory compliance - public relations Key Concepts risk management leadership corporate governance Questions to Reflect On - What balanced accountability measures work? - How can stakeholders support learning from errors? A Different Perspective Excessive punishment can stifle innovation. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Businesses Going](https://sms4smile.com/quotes/about/businesses-going-504259/) [Failure](https://sms4smile.com/quotes/about/failure/) [Make mistakes](https://sms4smile.com/quotes/about/make-mistakes/) [Mistakes](https://sms4smile.com/quotes/about/mistakes/) [Mistakes Shouldn](https://sms4smile.com/quotes/about/mistakes-shouldn-896614/) [People](https://sms4smile.com/quotes/about/people/) [Shot](https://sms4smile.com/quotes/about/shot/) [Shouldn Shot](https://sms4smile.com/quotes/about/shouldn-shot-896616/) [Time](https://sms4smile.com/quotes/about/time/) [Understand](https://sms4smile.com/quotes/about/understand/) [Understand Businesses](https://sms4smile.com/quotes/about/understand-businesses-896615/) ## Related quotes > [Well, on lots of small things we could have done better, but on all the big things we called it right. 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Nor will I ever be.](https://sms4smile.com/quotes/dianna-agron/look-we-are-human-we-make-mistakes-i-will-gladly-shout-from-the/) [Dianna Agron](https://sms4smile.com/quotes/author/dianna-agron/) > [If we make mistakes, as we all do - don't run from God, run to Him.](https://sms4smile.com/quotes/t-b-joshua/if-we-make-mistakes-as-we-all-do-don-t-run-from-god-run-to-him/) [T. B. Joshua](https://sms4smile.com/quotes/author/t-b-joshua/) > [When you make mistakes during routines, it's not easy getting through them.](https://sms4smile.com/quotes/alicia-sacramone/when-you-make-mistakes-during-routines-it-s-not-easy-getting-through/) [Alicia Sacramone](https://sms4smile.com/quotes/author/alicia-sacramone/) > [It's easy to make mistakes. It's living with the consequences of them that's the hardest.](https://sms4smile.com/quotes/sherrilyn-kenyon/it-s-easy-to-make-mistakes-it-s-living-with-the-consequences-of-them/) [Sherrilyn Kenyon](https://sms4smile.com/quotes/author/sherrilyn-kenyon/) > [“Will you destroy something in order to make it beautiful? Will you avoid something in order to fall in love with it? Will you…](https://sms4smile.com/quotes/hanif-hassan-barbhuiya/will-you-destroy-something-in-order-to-make-it-beautiful-will-you/) [Hanif Hassan Barbhuiya](https://sms4smile.com/quotes/author/hanif-hassan-barbhuiya/) ## More by Jamie Dimon > [I think if we had another set of policies for - not the crisis years, but after that, that we might be growing faster.…](https://sms4smile.com/quotes/jamie-dimon/i-think-if-we-had-another-set-of-policies-for-not-the-crisis-years/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very…](https://sms4smile.com/quotes/jamie-dimon/i-learn-from-all-our-major-competitors-whether-they-re-in-or-out-of/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [The United States has the best, deepest, widest, and most transparent capital markets in the world which give you, the investor, the ability to…](https://sms4smile.com/quotes/jamie-dimon/the-united-states-has-the-best-deepest-widest-and-most-transparent/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [People always say to me, "What if it doesn't work?" 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We…](https://sms4smile.com/quotes/jamie-dimon/jp-morgan-always-has-higher-capital-liquidity-that-is-partially-to/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [Trade is very good for the country. It's very good for the GDP. It's good for wages, but it doesn't mean it's always good…](https://sms4smile.com/quotes/jamie-dimon/trade-is-very-good-for-the-country-it-s-very-good-for-the-gdp-it-s/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I've asked our people, "Why don't we just put a revolver on top of our basic loan?" Make it easier for the client.](https://sms4smile.com/quotes/jamie-dimon/i-ve-asked-our-people-why-don-t-we-just-put-a-revolver-on-top-of-our/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [As a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for…](https://sms4smile.com/quotes/jamie-dimon/as-a-matter-of-fact-25-of-our-u-s-investment-banking-business-comes/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ Not every company went bankrupt. Not every bank needed TARP \[Troubled Asset Relief Program\]. So I'm very proud that JPMorgan, throughout that time period,… ](https://sms4smile.com/quotes/jamie-dimon/not-every-company-went-bankrupt-not-every-bank-needed-tarp-troubled/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I do want the tax system to be efficient and be conducive to growth, which it is not.](https://sms4smile.com/quotes/jamie-dimon/i-do-want-the-tax-system-to-be-efficient-and-be-conducive-to-growth/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [ There are parts \[in Dodd-Frank\] that I don't agree with. But, in total, it is what it is. ](https://sms4smile.com/quotes/jamie-dimon/there-are-parts-in-dodd-frank-that-i-don-t-agree-with-but-in-total-it/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [It's good for America when the rest of the world grows, because you can sell more to the rest of the world.](https://sms4smile.com/quotes/jamie-dimon/it-s-good-for-america-when-the-rest-of-the-world-grows-because-you/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [We had a lot of gridlock on a lot of issues. But, the American system is pretty resilient.](https://sms4smile.com/quotes/jamie-dimon/we-had-a-lot-of-gridlock-on-a-lot-of-issues-but-the-american-system/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) [Explore all 257 Jamie Dimon quotes ](https://sms4smile.com/quotes/author/jamie-dimon/) ## More Business quotes > [Companies with cultures that celebrate diverse opinions and encourage the exchange of ideas have an advantage when solving difficult problems. 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It's like whatever I do business wise, it's…](https://sms4smile.com/quotes/snoop-dogg/i-m-a-business-first-and-foremost-so-whatever-my-business-is-it-s/) [Snoop Dogg](https://sms4smile.com/quotes/author/snoop-dogg/) > [Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.](https://sms4smile.com/quotes/sunil-nagaraj/many-early-stage-entrepreneurs-make-one-simple-mistake-describing/) [Sunil Nagaraj](https://sms4smile.com/quotes/author/sunil-nagaraj/) > [Nobody has a crystal ball, and part of evolving a business plan is to say, 'I might have said we're going left, but I…](https://sms4smile.com/quotes/ryan-kavanaugh/nobody-has-a-crystal-ball-and-part-of-evolving-a-business-plan-is-to/) [Ryan Kavanaugh](https://sms4smile.com/quotes/author/ryan-kavanaugh/) > [I think a business guy is different from an artist. They walk different paths. Artists create the best outputs when they're having fun. 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