The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let the successor run the company.

Our society has become an employee society.

Managers are agents of transformation, converting the workforce in developed countries from one of manual workers to one of highly educated knowledge workers.

One does not "manage" people. The task is to lead people.

Profit is not the explanation, cause, or rationale of business behavior and business decisions, but the test of their validity.

The correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.

Knowledge has become the key economic resource and the dominant-and perhaps even the only-source of competitive advantage.