Unless the power of the corporation can be organized on an accepted principle of legitimacy, it will be taken over by a Central government

Mother Teresa's numerical results were not her greatest contribution. Instead, she made the world-and especially India-conscious of compassion.

What is the manager's job? It is to direct the resources and the efforts of the business toward opportunities for economically significant results. This sounds trite - and it is. But every analysis of actual allocation of resources and efforts in business that I have ever seen or made showed clearly that the bulk of time, work, attention, and money first goes to problems rather than to opportunities, and, secondly, to areas where even extraordinarily successful performance will have minimal impact on results.

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

If there is any one secret of effectiveness, it is concentration. Effective executives do first things first and they do one thing at a time.

No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.

The Pertinent Question is NOT how to do things right - but how to find the right things to do, and to concentrate resources and efforts on them.