Defending yesterday is far more risky than making tomorrow.

Strategic planning is the continuous process of making present entrepreneurial (risk-taking) decisions systematically and with the greatest knowledge of their futurity; organizing systematically the efforts needed to carry out these decisions; and measuring the results of these decisions against the expectations through organized, systematic feedback.

Leadership is defined by results not attributes.

Never underrate the boss! The boss may look illiterate. He may look stupid. But there is no risk at all in overrating a boss. If you underrate him he will bitterly resent it or impute to you the deficiency in brains and knowledge you imputed to him.

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 productivity of work is not the responsibility of the worker but of the manager.

A primary task of management in the developed countries in the decades ahead will be to make knowledge productive.