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.

All companies are service companies; some also manufacture products.

History has been written not by the most talented but by the most motivated.

The leader sees leadership as responsibility rather than as rank and privilege.

Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time.

No executive has ever suffered because his subordinates were strong and effective.

If you have too many problems, maybe you should get out of business. There is no law that says a company must last forever.