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

Businesses once grew by one of two ways; grass roots up, or by acquisition... Today businesses grow through alliances - all kinds of dangerous alliances. Joint ventures and customer partnerings which, by the way, very few people understand.

Most of what we call management consists of making it difficult for people to get their work done.

Miracles are great, but they're so damn unpredictable.

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.

Every three or four years I pick a new subject. It may be Japanese art; it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.