 |
Risk-taking decisions… are made every day by a host of people of subordinate rank, very often by people without a traditional managerial title or position.
|
100 |
 |
To wait until a business or an industry is in trouble is playing Russian roulette. It is irresponsible management.
|
102 |
 |
Success always obsoletes the very behavior that achieved it. It always creates new realities. It always creates, above all, its own and different problems.
|
102 |
 |
Management needs to anticipate changes in market structure that result from changes in the economy, from changes in fashion or taste, from moves by competition.
|
103 |
 |
If objectives are only good intentions, they are worthless. They must degenerate into work. And work that is always specific, always has – or should have – clear, unambiguous, measurable results, a deadline, and a specific assignment of accountability.
|
106 |
 |
All economic activity… requires three kinds of resources: land, that is products of nature; labor, that is, human resources; and capital, that is, the means to invest in tomorrow.
|
109 |
 |
Except for the rare monopoly situation, the only thing that differentiates one business from another in any give field is the quality of its management on all levels.
|
110 |
 |
Instead of searching for the right organization, management needs to learn to look for, to develop, to test: The organization that fits the task.
|
113 |
 |
…a large proportion of business ideas are effective. Innovating managers have, therefore, had a good deal more impact as a group than the historians realize.
|
117 |
 |
Great entrepreneurial innovations have been achieved by converting an existing, theoretical proposition into an effective business.
|
118 |
