Effective innovations start small. They are not grandiose. They try to do one specific thing.

There's an enormous number of managers who have retired on the job.

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.

One of the great movements in my lifetime among educated people is the need to commit themselves to action. Most people are not satisfied with giving money; we also feel we need to work.

Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society – and especially in the economy – as doing something different rather than doing better what is already being done. This is basically what Say, two hundred years ago, meant when he coined the term entrepreneur.

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

The better a man is, the more mistakes he will make, for the more new things he will try. I would never promote to a top-level job a man who was not making mistakes...otherwise he is sure to be mediocre.