Nothing drives progress like the imagination. The idea precedes the deed. The only exceptions are accidents and natural selection.

Every major industry was once a growth industry. But some that are now riding a wave of growth enthusiasm are very much in the shadow of decline. Others that are thought of as seasoned growth industries have actually stopped growing. In every case, the reason growth is threatened, slowed, or stopped is not because the market is saturated. It is because there has been a failure of management.

An industry begins with the customer and his or her needs, not with a patent, a raw material, or a selling skill

You want to dig your well where you have the best chance of finding water with the least amount of digging

The purpose of a business is to get and keep a customer. Without customers, no amount of engineering wizardry, clever financing, or operations expertise can keep a company going.

A powerful new idea can kick around unused in a company for years, not because its merits are not recognized, but because nobody has assumed the responsibility for converting it from words into action.

Anything in excess is a poison.