Entrepreneurial management in the new venture has four requirements: It requires, first, a focus on the market. It requires, second, financial foresi… - Peter Drucker

I think the growth industry of the future in this country and the world will soon be the continuing education of adults. ...I think the educated person of the future is somebody who realizes the need to continue to learn. That is the new definition and it is going to change the world we live in and work in.

The work relationship has to be based on mutual respect. Psychological despotism is basically contemptuous — far more contemptuous than the traditional Theory X. It does not assume that people are lazy and resist work, but it assumes that the manager is healthy while everybody else is sick. It assumes that the manager is strong while everybody else is weak. It assumes that the manager knows while everybody else is ignorant. It assumes that the manager is right, whereas everybody else is stupid. These are the assumptions of foolish arrogance.

For the individual there is no society unless he has social status and function.
There must be a definite functional relationship between individual life and group life.
For the individual without function and status, society is irrational, incalculable and shapeless.
The “rootless” individual, the outcast - for absence of social function and status casts a man from the society of his fellows - sees no society.
He sees only demoniac forces, half sensible, half meaningless, half in light and half in darkness, but never predictable.
They decide about his life and livelihood without the possibility of interference on his part, indeed without the possibility of understanding them.
He is like a blindfolded man in a strange room playing a game of which he does not know the rules.