Decision making is the specific executive task.

Elephants have a hard time adapting. Cockroaches outlive everything.

Teaching 23-year-olds in an MBA programme strikes me as largely a waste of time. They lack the background of experience. You can teach them skills - accounting and what have you - but you can't teach them management.

As a rule we perceive what we expect to perceive... The unexpected is usually not received at all.

The success and ultimately the survival of every business, large or small, depends in the last analysis on its ability to develop people. This ability is not measured by any of our conventional yardsticks of economic success; yet, is the final measurement.

Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential.

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