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 correct assumption is that what individuals have learned by age twenty-one will begin to become obsolete five to ten years later and will have to be replaced-or at least refurbished-by new learning, new skills, new knowledge.

People in any organization, including bureaucrats and politicians, are always attached to the obsolete; the obsolescent; the things that should have worked but didn't; the things that once were productive and no longer are.

I'm better about things than about people. I'm more interested in people, but I'm better at ideas.

The most important work of the executive is to identify the changes that have already happened. The important thing . . . is to exploit the changes that have already occurred and to use them as opportunities.

The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.

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