People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.

Focus on opportunities, not problems.

Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.

The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it.

Teamwork is neither "good" nor "desirable." It is a fact. Wherever people work together or play together they do so as a team. Which team to use for what purpose is a crucial, difficult and risky decision that is even harder to unmake. Managements have yet to learn how to make it.

Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.

In most organizations, the bottleneck is at the top of the bottle.