No society can function as a society, unless it gives the individual member social status and function, and unless the decisive social power is legit… - Peter Drucker

The rule is simple: Any job that has defeated two or three men in succession, even though each had performed well in his previous assignments, must be assumed unfit for human beings. It must be redesigned.

Intelligence, imagination, and knowledge are essential resources, but only effectiveness converts them into results.

Top management as a function and as a structure was first developed by Georg von Siemens (1839-1901) in Germany between 1870 and 1880, when he designed and built the Deutsche Bank and made it, within a very few years, into continental Europe's leading and most dynamic financial institution.