Progress is obtained only by exploiting opportunities, not by solving problems. When you solve problems, all you do is guarantee a return to normalcy..

Profit is not a cause but a result-.

Large organizations cannot be versatile. A large organization is effective through its mass rather than through its agility. Fleas can jump many time….

Knowledge is being applied to knowledge itself. It is now fast becoming the one factor in production, sidelining both capital and labour..

Salvation by society failed the most where it promised the most, in the communist countries. But it also failed in the West. Practically no governmen….

Political freedom is neither easy nor automatic, neither pleasant nor secure. It is the responsibility of the individual for the decisions of society….

Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential..

Success always obsoletes the very behavior that achieved it..

In business school classrooms they construct wonderful models of a non- world..

Strategic management is not a box of tricks or a bundle of techniques. It is analytical thinking and commitment of resources to action. But quantific….

We do not need more laws . No country suffers from a shortage of laws. We need a new model ..

Work is a process, and any process needs to be controlled. To make work productive, therefore, requires building the appropriate controls into the pr….

Nothing is less productive than to make more efficient what should not be done at all..

We've spent the last 30 years focusing on the T in IT, and we'll spend the next 30 years focusing on the I..

The computer, being a mechanical moron, can handle only quantifiable data..

Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs..

Institutions mistake good intentions for objectives. They say "health care"; that's an intention, not an objective..

To make the future demands courage. It demands work. But it also demands faith..

Profit is not the purpose of a business, but rather the test of its validity.

Systematic decision review also shows executives their own weaknesses, particularly the areas in which they are simply incompetent. In these areas, s….

We can ill afford to have activities conducted as "non-profit," that is, as activities that devour capital rather than form it, if they can be organi….