It's amazing how many things busy people are doing that never will be missed.

"The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on the basis of what a man can do. He does not make staffing decisions to minimize weaknesses but to maximize strength."

The most important work of the executive is to identify the changes that have already happened. The important thing . . . is to exploit the changes that have already occurred and to use them as opportunities.

But innovation is more than a new method. It is a new view of the universe, as one of risk rather than of chance or of certainty. It is a new view of man's role in the universe; he creates order by taking risks. And this means that innovation, rather than being an assertion of human power, is an acceptance of human responsibility.

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

The successful person places more attention on doing the right thing rather than doing things right.

Capital formation is shifting from the entrepreneur who invests in the future to the pension trustee who invests in the past.