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.

An executive should be a realist; and no one is less realistic than the cynic.

Knowledge has become the key resource of the world economy.

Most executives have learned that what one postpones, one actually abandons ... timing is a most important element in the success of any effort. To do five years later what would have been smart to do five years earlier, is almost a sure recipe for frustration and failure.

Morale in an organization does not mean that "people get along together"; the test is performance not conformance.

More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.

Leadership is an achievement of trust.