"Management" means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folklore and superstition, and of cooperation for force. . .
Quality in a product or service is not what the supplier puts in. It is what the customer gets out and is willing to pay for. A product is not quality because it is hard to make and costs a lot of money, as manufacturers typically believe. This is incompetence. Customers pay only for what is of use to them and gives them value. Nothing else constitutes quality.
Management by objectives works if you first think through your objectives. Ninety percent of the time you haven't.
Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution. But the Industrial Revolution moved at least as fast in the same time span, and had probably an equal impact if not a greater one.
We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
Innovation is the specific instrument of entrepreneurship... the act that endows resources with a new capacity to create wealth.
Business has only two basic functions-marketing and innovation.
Whenever you see a successful business, someone once made a courageous decision.
When a subject becomes totally obsolete we make it a required course.
We know nothing about motivation. All we can of is write books about it.