One does not "manage" people. The task is to lead people.

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."

Rank does not confer privilege or give power. It imposes responsibility.

Nobody in the world is as good at making decisions as the Japanese.

Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant.

By themselves, character and integrity do not accomplish anything. But their absence faults everything else.

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.