In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Business, that's easily defined - it's other people's money.

The computer is a moron.

Innovation is the specific instrument of entrepreneurship... the act that endows resources with a new capacity to create wealth.

Management by objectives works if you first think through your objectives. Ninety percent of the time you haven't.

When a subject becomes totally obsolete we make it a required course.

Most of what we call management consists of making it difficult for people to get their work done.

People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.

Making good decisions is a crucial skill at every level.

The new information technology... Internet and e-mail... have practically eliminated the physical costs of communications.

Time is the scarcest resource and unless it is managed nothing else can be managed.

Plans are only good intentions unless they immediately degenerate into hard work.

Never mind your happiness; do your duty.

We now accept the fact that learning is a lifelong process of keeping abreast of change. And the most pressing task is to teach people how to learn.

Almost everybody today believes that nothing in economic history has ever moved as fast as, or had a greater impact than, the Information Revolution. But the Industrial Revolution moved at least as fast in the same time span, and had probably an equal impact if not a greater one.