Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.
Management is doing things right; leadership is doing the right things.
Management by objective works - if you know the objectives. Ninety percent of the time you don't.
Making good decisions is a crucial skill at every level.
Knowledge has to be improved, challenged, and increased constantly, or it vanishes.
Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.
Executives owe it to the organization and to their fellow workers not to tolerate nonperforming individuals in important jobs.
Efficiency is doing things right; effectiveness is doing the right things.
Innovation is the specific instrument of entrepreneurship. The act that endows resources with a new capacity to create wealth.
There is nothing so useless as doing efficiently that which should not be done at all.
We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.
We can say with certainty - or 90% probability - that the new industries that are about to be born will have nothing to do with information.
Unless commitment is made, there are only promises and hopes... but no plans.