No decision in business provides greater potential for the creation of wealth (or its destruction, come to think of it) than the choice of which innovation to back.

Management is a far more homely business than its would be scientists suggest, more closely allied to cookery than any other human activity. Like cooking, it rests on a degree of organisation and on adequate resources. But just as no two chefs run their kitchens the same way, so no two managements are the same.

No executive devotes effort to proving himself wrong.

No decision in business provides greater potential for the creation of wealth (or its destruction, come to think of it) than the choice of which innovation to back.

The easiest way of making money is to stop losing it.

The difference between management and administration (which is what bureaucrats used to do exclusively) is the difference between choice and rigidity.

Successful innovation has consistently proved to be fluid and flexible, fast and furious - that is, passionate.