In the next economic downturn there will be an outbreak of bitterness and contempt for the supercorporate chieftains who pay themselves millions. In every major economic downturn in US history the villains have been the heroes during the preceding boom.

Above all, innovation is not invention. It is a term of economics rather than of technology.

No one learns as much about a subject as one who is forced to teach it.

Concentration is the key to economic results. No other principle of effectiveness is violated as constantly today as the basic principle of concentration.... Our motto seems to be, "Let's do a little bit of everything."

Unless strategy evaluation is performed seriously and systematically, and unless strategists are willing to act on the results, energy will be used up defending yesterday.

Yet there is nothing more dangerous than to be premature in exploiting a change in perception.

The only thing we know about the future is that it will be different.