"The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on the basis of what a man can do. He does not make staffing decisions to minimize weaknesses but to maximize strength."

There is nothing so useless as doing efficiently that which should not be done at all.

Management and entrepreneurship are only two different dimensions of the same task. An entrepreneur who does not learn how to manage will not last long. A management that does not learn to innovate will not last long.

The final test of greatness in a CEO is how well he chooses a successor and whether he can step aside and let the successor run the company.

The true business of every company is to make and keep customers.

Communism is evil. Its driving forces are the deadly sins of envy and hatred.

Free enterprise cannot be justified as being good for business. It can be justified only as being good for society.