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…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.

Every enterprise requires commitment to common goals and shared values. Without such commitment, there is no enterprise. There is only a mob.

Every enterprise is a learning and teaching institution. Training and development must be built into it on all levels – training and development that never stop.

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.