Nobody in the world is as good at making decisions as the Japanese.

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

The enterprise that does not innovate ages and declines. And in a period of rapid change such as the present, the decline will be fast.

The most probable assumption is that no currently working 'business theory' will be valid 10 years hence.

To be effective, every knowledge worker, and especially every executive, therefore needs to dispose of time in fairly large chunks. To have small dribs and drabs of time at his disposal will not be sufficient even if the total is an impressive number of hours.

The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.

Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.