What you manage in business is people

Management must manage!

Business is many things, the least of which is the balance sheet. It is a fluid, ever changing, living thing, sometimes building to great peaks, sometimes falling to crumbled lumps.

Every company has two organizational structures: The formal one is written on the charts; the other is the everyday relationship of the men and women in the organization.

The highest art of professional management requires the literal ability to 'smell' a 'real fact' from all others.

You can't run a business or anything else on a theory.

The professional's grasp of the numbers is a measure of the control he has over the events that the figures represent.