There is every indication that the period ahead will be an innovative one, one of rapid change in technology, society, economy, and institutions. - Peter Drucker

It is as important to decide when to abandon an innovative effort as it is to know which one to start. In fact, it may be more important. Successful laboratory directors know when to abandon a line of research which does not yield the expected results. The less successful ones keep hoping against hope, are dazzled by the “scientific challenge” of a project, or are fooled by the scientists’ repeated promise of a “breakthrough next year.” And the unsuccessful ones cannot abandon a project and cannot admit that what seemed like a good idea has turned into a waste of men, time, and money.

The most important thing about priorities and posteriorities is not intelligent analysis but courage.

To be a manager requires more than a title, a big office, and other outward symbols of rank. It requires competence and performance of a high order.