If "socialism" is defined as "ownership of the means of production"--and this is both the orthodox and the only rigorous definition--then the United ….

The only things that evolve by themselves in an organization are disorder, friction and malperformance..

One reason for the tremendous increase in health-care costs in the U.S. is managerial neglect of the "hotel services" by the people who dominate the ….

One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is n….

Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even….

It's more important to do the right thing than to do things right..

Education gives you neither experience nor wisdom..

The success and ultimately the survival of every business, large or small, depends in the last analysis on its ability to develop people. This abilit….

Because its purpose is to create a customer, the business enterprise has two - and only these two — basic functions: marketing and innovation. Market….

The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications..

The most probable assumption is that no currently working 'business theory' will be valid 10 years hence..

Adversarial power relationships only work if you never have to see or work with the bastards again..

We will have to learn to lead people rather then to contain them..

You cannot predict the future, but you can create it..

Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in soci….

Leadership is all hype. We've had three great leaders in this century-Hitler, Stalin, and Mao..

If the feudal knight was the clearest embodiment of society in the early Middle Ages, and the "bourgeois" under Capitalism, the educated person will ….

Providing more desirable products, services, and customer experiences is vital to the continued existence of any business. And that is INNOVATION..

To survive and succeed, every organization will have to turn itself into a change agent.

Don't solve problems. Pursue opportunities..

The rule should be to minimize the need for people to get together to accomplish anything..