Making good decisions is a crucial skill at every level.

Management by objective works - if you know the objectives. Ninety percent of the time you don't.

No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.

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.

It takes far less energy to move from first-rate performance to excellence than it does to move from incompetence to mediocrity.

The organization is, above all, social. It is people.

Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.