Erroneous assumptions can be disastrous.

Shoes are real. Money is an end result.

The knowledge we now consider knowledge proves itself in action. What we now mean by knowledge is information effective in action, information focused on results. Results are outside the person, in society and economy, or in the advancement of knowledge itself. To accomplish anything this knowledge has to be highly specialized.

People in any organization, including bureaucrats and politicians, are always attached to the obsolete; the obsolescent; the things that should have worked but didn't; the things that once were productive and no longer are.

The talk you hear about adapting to change is not only stupid, it's dangerous. The only way you can manage change is to create it.

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.

Above all, innovation is not invention. It is a term of economics rather than of technology.