If a government commission had worked on the horse, you would have the first horse that could operate its knee joint in both directions. The trouble is it couldn't have stood up.

Decision making is the specific executive task.

There is no perfect strategic decision. One always has to pay a price. One always has to balance conflicting objectives, conflicting opinions, and conflicting priorities. The best strategic decision is only an approximation - and a risk.

In todays economy, the most important resource is no longer labor, capital or land; it is knowledge

Ideas are like frog eggs: you've got to lay a thousand to hatch one.

I'm a writer. I could not or would not ever run a business. I don't even have a secretary. And contrary to some of the stereotypes, entrepreneurs are not loners. I am.

Economists talk about profit motive, but nothing motivates modern man more than a chance to avoid taxes!