To be sure, the fundamental task of management remains the same: to make people capable of joint performance through common goals, common values, the right structure, and the training and development they need to perform and to respond to change.
And it is change that always provides the opportunity for the new and different. Systematic innovation therefore consists in the purposeful and organized search for changes, and in the systematic analysis of the opportunities such changes might offer...
This defines entrepreneur and entrepreneurship - the entrepreneur always searches for change, responds to it, and exploits it as an opportunity.
Entrepreneurship rests on a theory of economy and society. The theory sees change as normal and indeed as healthy. And it sees the major task in society - and especially in the economy - as doing something different rather than doing better what is a...
The companies that refused to make hard choices, or refused to admit that anything much was happening, fared badly. If they survive, it is only because their respective governments will not let them go under.
The people who work within these industries or public services know that there are basic flaws. But they are almost forced to ignore them and to concentrate instead on patching here, improving there, fighting the fire or caulking that crack. They are...
Success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform.
Leadership is not magnetic personality, that can just as well be a glib tongue. It is not "making friends and influencing people", that is flattery. Leadership is lifting a person's vision to higher sights, the raising of a person's performance to a ...
Work is a process, and any process needs to be controlled. To make work productive, therefore, requires building the appropriate controls into the process of work.
The knowledge that we consider knowledge proves itself in action. What we now mean by knowledge is information in action, information focused on results.
The purpose of business is to create and keep a customer.
Innovation is the specific instrument of entrepreneurship...the act that endows resources with a new capacity to create wealth.
Whenever you see a successful business, someone once made a courageous decision.
There is only one valid definition of business purpose: to create a customer.
The human being is a very poorly designed machine tool. The human being excels in coordination. He excels in relating perception to action. He works best if the entire human being, muscles, senses, and mind, is engaged in the work.
If you want something new, you have to stop doing something old
Efficiency is doing the thing right. Effectiveness is doing the right thing.
The leaders who work most effectively, it seems to me, never say "I." And that's not because they have trained themselves not to say "I." They don't think "I." They think "we"; they think "team." They understand their job to be to make the team funct...
People in any organization are always attached to the obsolete - the things that should have worked but did not, the things that once were productive and no longer are.
Your first and foremost job as a leader is to take charge of your own energy and then help to orchestrate the energy of those around you.
