I no longer think that learning how to manage people, especially subordinates, is the most important for executives to learn. I am teaching above all else, how to manage oneself.

Listening (the first competence of leadership) is not a skill, it is a discipline. All you have to do is keep your mouth shut.

What is the major problem? It is fundamentally the confusion between effectiveness and efficiency that stands between doing the right things and doing things right. There is surely nothing quite so useless as doing with great efficiency what should not be done at all.

What's measured improves

Profit is not the purpose of a business, but rather the test of its validity

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Profitability is the sovereign criterion of the enterprise.