Innovation opportunities do not come with the tempest but with the rustling of the breeze..

(Waste = Loss): The first rule of business is to survive and the guiding principle of business economics is not the maximisation of profit, it is the….

Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is….

The purpose of a business is to create a customer..

"The area in which the executive first encounters the challenge of strength is in staffing. The effective executive fills positions and promotes on t….

The healthier a new venture and the faster it grows, the more financial feeding it requires..

Fascism is the result of the collapse of Europe's spiritual and social order... catastrophes broke through the everyday routine which makes men accep….

Every few hundred years in Western history there occurs a sharp transformation. Within a few short decades, society - its worldview, its basic values….

You can't manage what you don't measure..

Management and union may be likened to that serpent of the fables who on one body had two heads that fighting each other with poisoned fangs, killed ….

What the customer buys and considers value is never a product. It is always utility, that is, what a product or a service does for the customer..

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

The more successful the unit, the more difficult it is to make sure that the large company doesn't put the same expectations on it as it does for the….

Growth that adds volume without improving productivity is fat. Growth that diminishes productivity is cancer..

Never ask who's right. Start out by asking what is right. And you find that out by listening to dissenting, disagreeing opinions..

Entrepreneurs believe that profit is what matters most in a new enterprise. But profit is secondary. Cash flow matters most..

Wherever an impact can be eliminated by dropping the activity that causes it, this is therefore the best-indeed the only truly good-solution..

We know nothing about motivation. All we can do is write books about it..

The only definition of a leader is someone who has followers..

Whenever you see a successful business, someone once made a courageous decision..

Above all, innovation is not invention. It is a term of economics rather than of technology..