No institution can possibly survive if it needs geniuses or supermen to manage it. It must be organized in such a way as to be able to get along under a leadership composed of average human beings.

Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation.

More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.

Management must take the lead in making obsolete its own products and services rather than waiting for a competitor to do so.

If you want to predict the future create it.

Most innovators are successful to the extent to which they define risks and confine them.

Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.