Effective executives fill positions and promote on the basis of what a person can do. They do not make staffing decisions to minimize weaknesses but to maximize strength.

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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views... The first rule in decision-making is that one does not make a decision unless there is disagreement.

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I have no interest in celebrities. If all the superrich disappeared, the world economy would not even notice. The superrich are irrelevant to the economy.

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Few top executives can even imagine the hatred, contempt, and fury that has been created�not primarily among blue-collar workers who never had an exalted opinion of the �bosses� - but among their middle management and professional people.

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Long-range planning does not deal with future decisions. It deals with the future of present decisions.

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The most common cause of executive failure is inability or unwillingness to change with the demands of a new position. The executive who keeps on doing what he has done successfully before is almost bound to fail.

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Basic assumptions about reality are the paradigms of a social science, such as management.

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The fewer data needed, the better the information.

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The first thing practically everyone must learn is to take information responsibly.

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

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