Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.

Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour.

All good strategy eventually degenerates into work.

Nobody can predict the future; the idea is to have a firm grasp of the present.

We always remember best the irrelevant.

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.

Leadership is all hype. We've had three great leaders in this century-Hitler, Stalin, and Mao.