Erroneous assumptions can be disastrous.

Morale in an organization does not mean that "people get along together"; the test is performance not conformance.

Profit is not the purpose of a business, but rather the test of its validity

The Welfare State, which begun in Imperial Germany for the truly indigent and disabled, has now become "everybody's entitlement" and an increasing burden on those who produce.

Balance Sheets are meaningless. Our accounting systems are still based on the assumption that 80% of costs are manual labor.

Meetings are a symptom of bad organization. The fewer meetings the better.

Communication always makes demands. It always demands that the recipient become somebody, do something, believe something. It always appeals to motivation.