Business, that’s easily defined—it’s other people’s money.

Innovation is the specific instrument of entrepreneurship, the act that endows resources with a new capacity to create wealth.

Time is the scarcest resource and unless it is managed nothing else can be managed.

Effective leadership is not about making speeches or being liked leadership is defined by results not attributes.

In business school classrooms they construct wonderful models of a no world.

The individual is the central, rarest, most precious capital resource of our society.

There is an enormous number of managers who have retired on the job.

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" means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folklore and superstition, and of cooperation for force. . . Peter F.

Unless commitment is made, there are only promises and hopes... but no plans.