Daniel Quinn Mills is the Albert J. Weatherhead, Jr. Professor of Business Administration, Emeritus. His tenure at Harvard lasted from 1976 to 2007. He consults with major corporations and governments[…]
Only the entrepreneurs are teaching us the important business lessons.
Question: In the business world, who is teaching great things?
D. Quinn Mills: Only the entrepreneurs. I don’t think any of the large companies are particularly well lead by and large in the world, there are some exceptions, but there are exceptions for short period of time normally. By and large, the growth rates of most of the great companies are limited the internal growth rates are limited to the growth rates of the economies, of the global economy. They are 3%, 4%, 5%. Actual revenue growth comes mainly from acquisitions and things of that nature. I think almost all the really significant leadership...most of what we called leadership in business today is financial manipulation of one form or other. The only really significant things I think that there is very impressive are the entrepreneurs particularly in the technology sector, because they are really changing the world.