There are only two things in a business that make money - innovation and marketing, everything else is cost.

Business purpose and business mission are so rarely given adequate thought is perhaps the most important cause of business frustration and failure.

Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past.

The task of leadership is to create an alignment of strengths so strong that it makes the system's weaknesses irrelevant.

Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant.

Do first things first, and second things not at all.

Strategic management is not a box of tricks or a bundle of techniques. It is analytical thinking and commitment of resources to action. But quantification alone is not planning. Some of the most important issues in strategic management cannot be quantified at all.