Profit Is Not The Purpose

(waste = Loss): The First Rule Of Business Is To Survive And The Guiding Principle Of Business Economics Is Not The Maximisation Of Profit, It Is The Avoidance Of Loss

The Really Important Things Are Said Over Cocktails And Are Never Done.

The Only Things That Evolve By Themselves In An Organization Are Disorder, Friction And Malperformance.

Great Wisdom Not Applied To Action And Behavior Is Meaningless Data.

The Computer, Being A Mechanical Moron, Can Handle Only Quantifiable Data.