The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become "everybody's entitlement" and an increasing burden on those who produce.

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

The honest work of yesterday has lost its social status, its social esteem.

Profit is not the purpose of a business, but rather the test of its validity

The essence of management is to make knowledge productive.

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.

You can't manage knowledge.Knowledge is between two ears and only between two ears.