The computer actually may have aggravated management's degenerative tendency to focus inward on costs.

Innovative efforts should never report to line managers charged with responsibility for ongoing operations. The new project is an infant and will remain one for the foreseeable future, and infants belong in the nursery. The 'adults', that is, the executives in charge of existing businesses or products will have neither the time nor understanding for the infant.

If a government commission had worked on the horse, you would have the first horse that could operate its knee joint in both directions. The trouble is it couldn't have stood up.

For new technology to replace old, it has to have at least ten times the benefit.

Entrepreneurship is “risky” mainly because so few of the so-called entrepreneurs know what they are doing.

Few relationships are as critical to the business enterprise as the relationship to the government. Managers have responsibility for this relationship as part of their responsibility to the enterprise itself. It is an area of social impact of the business. To a large extent the relationship to government results from what businesses do or fail to do.

Time is the scarcest resource and unless it is managed nothing else can be managed.