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The most successful entrepreneurs in the world have a combination of the right type of personality and fortunate life circumstance. A lot of them have been doing it most of their life.
Adeo Ressi
Life
Personality
World
Type
Circumstance
Entrepreneurs
Combination
Most
Doing
Been
Lot
Them
Successful
Fortunate
Right
Start-ups often die in the first 18 to 24 months because of formative mistakes, like choosing a bad co-founder or the wrong corporate entity or an inappropriate platform. Ninety percent of the companies the Founder Institute has created are alive because we've helped them avoid those mistakes.
Adeo Ressi
First
Mistakes
Corporate
Months
Ninety
Ninety Percent
Those
Alive
Bad
Percent
Entity
Wrong
Institute
Like
Because
Die
Often
Formative
Them
Inappropriate
Created
Avoid
Choosing
Helped
Companies
Platform
Founder
There is a saying in entrepreneurship that your early employees are all commandos. Commandos are people who can do almost everything well: emails, strategy, code, design.
Adeo Ressi
Saying
People
Employees
Strategy
Design
Everything
Emails
Entrepreneurship
Almost
Almost Everything
Well
Your
Who
Code
Early
Some of the traits that make you a great entrepreneur also work against you. Examining data of high-scoring people, we find that oftentimes the world frustrates them: They're super-smart, they're super-capable, and the work quality of their peers is vastly inferior to what they can achieve on their own.
Adeo Ressi
Work
Great
You
Quality
People
World
Entrepreneur
Achieve
Own
Peers
Find
Some
Examining
Data
Vastly
Also
Make
Inferior
Traits
Oftentimes
Frustrate
Against
Them
Our acquisition strategy is very clear: 3x3. Three continents - Asia, Africa and South America, and in three categories where we have strong positions - personal wash, household care and hair care.
Adi Godrej
Strong
Care
Three
Hair
Strategy
Positions
Our
Clear
Categories
Household
Continents
South
South America
Very
America
Personal
Africa
Where
Asia
Acquisition
Wash
Corporate governance should be done more through principles than rules.
Adi Godrej
Corporate
Rules
More
Through
Principles
Governance
Than
Done
Should
People should be encouraged by things like awards given for corporate governance practices.
Adi Godrej
People
Corporate
Given
Like
Practices
Governance
Encouraged
Should
Awards
Things
We have a company, Geometric Software, which is into engineering services software. We have a company called Nature's Basket, which is into gourmet retailing. Both are specialized companies.
Adi Godrej
Nature
Engineering
Software
Both
Retailing
Gourmet
Geometric
Which
Companies
Company
Specialized
Services
Basket
Our expectation is that by 2050, which is a long time away, India will be the largest economy in the world, overtaking both the U.S. and China.
Adi Godrej
Time
World
Will
Long
Long Time
Expectation
Our
India
Both
Economy
Which
China
Away
Largest
There are too many politicians in the world and too few statesmen.
Adi Godrej
World
Few
Politicians
Too
Statesmen
Many
A good monetary policy follows inflationary expectations and not historical numbers.
Adi Godrej
Good
Follows
Policy
Historical
Expectations
Monetary
Monetary Policy
Numbers
From our group, we've had joint ventures with a lot of international companies: Procter & Gamble, General Electric, Sara Lee, currently with Hershey's and Tyson. We've learned a lot of the best practices.
Adi Godrej
Best
Group
Hershey
Our
Tyson
General
Joint
Had
Ventures
Learned
Practices
Lee
Lot
Currently
Gamble
Electric
Companies
International
It's a mistake to believe technology rests outside India. We compete very successfully.
Adi Godrej
Technology
Mistake
Believe
India
Rests
Outside
Very
Successfully
Compete
We find it much better not to try and take the Godrej brand across, but use very strong brands we have acquired in different geographies and push them.
Adi Godrej
Strong
Better
Try
Find
Take
Push
Very
Brand
Brands
Different
Them
Acquired
Much
Across
Use
We have very strong succession plans across all group companies. But we do not comment on it. The retirement age is 60 years, but it does not apply to family professionals who work in the business.
Adi Godrej
Work
Family
Business
Age
Strong
Group
Retirement
Retirement Age
Does
Years
Comment
Very
Across
Succession
Plans
Who
Companies
Professionals
Apply
Rather than lose the public because television is here, wouldn't it be smart to adopt television as our instrument?
Adolph Zukor
Smart
Lose
Our
Television
Adopt
Rather
Instrument
Because
Than
Public
Here
My duties are wider than those of the Pope. The Pope is only concerned with the spiritual welfare of his flock.
Aga Khan IV
Spiritual
Welfare
Those
Only
Concerned
His
Than
Duties
Pope
Flock
Wider
Soul lyrics, soul music came at about the same time as the civil rights movement, and it's very possible that one influenced the other.
Ahmet Ertegun
Music
Time
Soul
Rights
Other
Lyrics
Possible
Rights Movement
Civil
Civil Rights
Civil Rights Movement
About
Soul Music
Came
Very
Same
Same Time
Movement
Influenced
It is very important that the world know that there have been 500 years of peaceful coexistence in Turkey between the Jews and Moslems.
Ahmet Ertegun
World
Important
Jews
Between
Know
Been
Years
Very
Turkey
Peaceful
Coexistence
Everyone felt like they knew Ray Charles and in a way they did, because he was embodied by his music.
Ahmet Ertegun
Music
Everyone
Way
Embodied
Charles
He
Knew
Ray
Ray Charles
Like
Because
Felt
His
Did
When I first heard Ray Charles, he was a flop artist on a small label in California. He hadn't sold any records. And I bought his contract for $2,500.
Ahmet Ertegun
First
Sold
Charles
Small
Records
He
Bought
Ray
Ray Charles
California
His
Heard
Contract
Label
Any
Artist
Flop
My first wife was a theater person.
Ahmet Ertegun
Wife
First
Person
Theater
I've been in the studio when you go through a track and you run down a track and you know even before the singer starts singing, you know the track is swinging... you know you have a multimillion-seller hit - and what you're working on suddenly has magic.
Ahmet Ertegun
You
Singing
Before
Down
Starts
Run
Magic
Through
Studio
Know
Singer
Track
Go
Been
Hit
Working
Even
Suddenly
Swinging
If anybody asks me where I'm from, my first inclination is to say, 'Washington,' because that's where I grew up meaningfully.
Ahmet Ertegun
Me
First
Say
Because
Up
Anybody
Where
Grew
Ask
Meaningfully
Inclination
Washington
You know what I'd really like to do? I'd like to record some white Chicago jazz.
Ahmet Ertegun
You
White
Jazz
Record
Some
Like
Know
Chicago
Really
Jesse Stone did more to develop the basic rock-and-roll sound than anybody else.
Ahmet Ertegun
Else
More
Develop
Sound
Than
Did
Stone
Anybody
Anybody Else
Basic
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