Entrepreneurship is neither a science nor an art. It is a practice.
Leadership is defined by results not attributes.
Knowledge is the source of Wealth. Applied to tasks we already know, it becomes Productivity. Applied to tasks that are new, it becomes Innovation...
It’s more important to do the right thing than to do things right.
Most of what we call management consists of making it difficult for people to get their work done.
Inside an organization there are only cost centers. The only profit center is a customer whose check has not bounced.
We spend a lot of time teaching leaders what to do. We don’t spend enough time teaching leaders what to stop. Half the leaders I have met don’t need to learn what to do. They need to learn what to stop.
We know nothing about motivation. All we can do is write books about it.
Results are obtained by exploiting opportunities, not by solving problems.
Profit for a company is like oxygen for a person. If you don’t have enough of it, you’re out of the game. But if you think your life is about breathing, you’re really missing something.
Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes.
Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer.
Spontaneity is an infinite number of rehearsed possibilities.
Making good decisions is a crucial skill at every level.
More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject.
The really important things are said over cocktails and are never done.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
Knowledge is power. In post-capitalism, power comes from transmitting information to make it productive, not hiding it.
Every organization must be prepared to abandon everything it does to survive in the future.
No decision has been made unless carrying it out in specific steps has become someone’s work assignment and responsibility.