Categories

Responsibility for contribution, rather than genius is the manager’s basic requirement.

The emergence of management has converted knowledge from social ornament and luxury into the true capital of any economy.

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

One important advance in the discipline and in the practice of management is that both now embrace entrepreneurship and innovation.

Not to know how to manage is the single largest reason for the failure of new ventures.

…[managers] represent power – and power has to be accountable, has to be legitimate. They have not yet faced up to the fact that they matter.

Management is about human beings. Its task is to make people capable of joint performance, to make their strengths effective and their weaknesses irrelevant.

Performance has to be built into the enterprise and its management; it has to be measured – or at least judged – and it has to be continuously improved.

…management will increasingly be the discipline and the practice through and in which the ‘humanities’ will again acquire recognition, impact, and relevance.

Business management must always, in every decision and action, put economic performance first. It can justify its existence and its authority only by the economic results it produces.