The knowledge we now consider knowledge proves itself in action. What we now mean by knowledge is information effective in action, information focused on results. Results are outside the person, in society and economy, or in the advancement of knowledge itself. To accomplish anything this knowledge has to be highly specialized.

Meetings are a symptom of bad organization. The fewer meetings the better.

The greatest danger in times of turbulence is not the turbulence; it is to act with yesterday's logic.

There is the risk you cannot afford to take, and there is the risk you cannot afford not to take.

An effective executive builds on strengths - their own strengths, the strengths of superiors, colleagues, subordinates, and on the strength of the situation.

The purpose of an organization is to enable ordinary humans beings to do extraordinary things.

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