"Start with good people, lay out the rules, communicate with your employees, motivate them and reward them. If you do all those things effectively, you can't miss"

This quote by Lee Iacocca stresses the significance of having a strong foundation of excellent people in order to achieve success. He suggests that the primary step to success is to discover good individuals and set out the guidelines for them to follow. He likewise highlights the value of interaction with employees, inspiring them, and rewarding them for their effort. By doing these things, Iacocca thinks that success is unavoidable. This quote is a pointer that having a strong team of individuals is necessary for any successful company. It likewise highlights the importance of communication, motivation, and benefit in order to keep employees engaged and productive. Eventually, Iacocca's quote is a tip that having a strong group of people and effective management strategies are essential for any effective company.