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While it might be quite easy to describe, building a well-run organization requires a high level of skill.

…management is not business management. It pertains to every human effort that brings together in one organization people of diverse knowledge and skills.

The realization that skill and knowledge are in the working rather than in the work is the key to making work productive.

The demand for executives is steadily growing. A developed society increasingly replaces manual skill with theoretical knowledge and the ability to organize and to lead – in short, with managerial ability.

…managers are made not born. There has to be systematic work on the supply, the development, and the skills of tomorrow’s management. It cannot be left to luck or chance.

…timing is of the essence in establishing a specialty-skill niche. It has to be done at the very beginning of a new industry, a new custom, a new market, a new trend.

A specialty-skill niche is rarely found by accident. In every single case, it results from a systematic survey of innovative opportunities.

…in the early stages of a new industry, a new market, or a new major trend, there is the opportunity to search systematically for the specialty-skill opportunity – and then there is usually time to develop a unique skill.

The business that establishes itself in a specialty-skill niche is… unlikely to be threatened by its customers or by its suppliers.

With technological advances placing a premium on interactions and relationships, the skills that make us human are increasingly important to master.