NOTES

Chapter 1: Harness the power of a business mission

1. See http:// http://www.microsoft.com/about/en/us/default.aspx, Our Mission and Our Values, as consulted on May 13, 2011.

2. See http://www.microsoft.com/about/companyinformation/ourbusinesses/profile.mspx, Microsoft’s Tradition of Innovation: from Revolution to Evolution, as consulted on May 13, 2011.

3. See also Drucker, Peter F. and Maciariello, Joseph A.: Management, revised edition, New York, HarperCollins Publishers, 2008 (revised edition of Management: Tasks, Responsibilities, Practices, Harper & Row, 1973), p. 85 ff., Chapter 8 “The Theory of the Business,” and Malik, Fredmund: Management: Das A und O des Handwerks, updated edition, Frankfurt am Main, Germany/New York: Campus Verlag, 2007, p. 170 ff.

Chapter 2: Create customer value

1. Krames, Jeffrey: What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business, New York: McGraw-Hill, 2003, p. 110.

2. Ibid., p. 115.

3. Drucker, Peter F.: The Practice of Management, reprint edition (Harper & Row Publishers, 1954), New York: HarperCollins, 2006, p. 37.

4. Venohr, Bernd: Wachsen wie Würth: Das Geheimnis des Welterfolgs, Frankfurt am Main, Germany: Campus Verlag, 2006, p. 55; translation by Frank Arnold.

5. Krames, Jeffrey: What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business, New York: McGraw-Hill 2003, p. 120.

6. Ibid., p. 107.

Chapter 3: Make effective decisions

1. Drucker, Peter F.: Management: Tasks, Responsibilities, Practices, reprint edition (Harper & Row Publishers, 1973), New York: HarperCollins Publishers, 1993, p. 472; see also Drucker, Peter F.: Adventures of a Bystander, 5th edition (Harper & Row Publishers, 1978), New Brunswick, London: Transaction Publishers, 2005, p. 287.

2. Based on Drucker, Peter F.: The Effective Executive: The Definitive Guide to Getting the Right Things Done, reprint edition (Harper & Row Publishers, 1967), New York: HarperCollins Publishers, 2006, pp. 122–140. Complemented based on Malik, who follows lines similar to those of Drucker; see: Malik, Fredmund: Managing, Performing, Living: Effective Management for a New Era, Frankfurt am Main, Germany/New York: Campus Verlag, 2006, pp. 188–189.

3. Sloan, Alfred P., Jr.: My Years with General Motors, McDonald, John, and Stevens, Catherine (eds.), New York/London/Toronto, Sydney/Auckland: Currency Doubleday, 1990.

Chapter 5: Make the right compromise

1. New American Standard Bible: 1 Kings 3:16–28, Anaheim, CA: Foundation Publications, Inc., 1998.

2. Drucker, Peter F.: The Effective Executive: The Definitive Guide to Getting the Right Things Done, (Harper & Row Publishers, 1967), New York: HarperCollins Publishers, 2006, p. 135.

Chapter 6: Just do it! Keep fine-tuning the right strategy

1. Drucker, Peter F.: Managing the Non-Profit Organization: Principles and Practices, New York: HarperCollins Publishers, 1990, p. 59.

2. Transcript of J. B. Bird’s interview with Herb Kelleher on July 9, 2002, at Southwest Airlines headquarters in Dallas, reproduced on the Web site of the University of Texas at Austin’s McCombs School of Business, see http://www.mccombs.utexas.edu/news/pressreleases/kelleher_int03.asp.

Chapter 7: Structure your organization around the customer

1. Dell, Michael, and Fredman, Catherine: Direct from Dell: Strategies That Revolutionized an Industry, 2nd edition, New York: HarperCollins Publishers, 2006, p. 22.

2. See Malik, Fredmund: Management: Das A und O des Handwerks, updated edition, Frankfurt am Main, Germany/New York: Campus Verlag, 2007, p. 218; translation by Frank Arnold.

3. Dell, Michael, and Fredman, Catherine: Direct from Dell: Strategies That Revolutionized an Industry, 2nd edition, New York: HarperCollins Publishers, 2006, p. 39.

4. See Malik, Fredmund: Die richtige Corporate Governance: Mit wirksamer Unter⌝nehmensaufsicht Komplexität meistern, Frankfurt am Main, Germany/New York: Campus Verlag, 2008, p. 221; translation by Frank Arnold, based on Drucker, Peter F.: Management: Tasks, Responsibilities, Practices, reprinted edition (Harper & Row Publishers, 1973), New York: HarperCollins Publishers, 1993, pp. 611 ff.

Chapter 8: Be productive

1. Krames, Jeffrey: What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business, New York: McGraw-Hill, 2003, p. 153.

2. Ibid., p. 162.

Chapter 9: Demand effective management

1. See Drucker, Peter F.: The Essential Drucker, reprint edition, Burlington, MA, Oxford: Butterworth-Heinemann, 2006. p. 8, and Drucker, Peter F.: The New Realities, reprint edition (Heinemann Professional Publishing, 1989), New Brunswick, NJ: Transaction Publishers, 2003, p. 220.

2. Berkshire Hathaway Inc.: “Annual Report 2008,” Omaha, NB, 2009, p. 93.

3. Fortune, online edition: “A Conversation with Warren Buffett,” June 25, 2006, cited in http://money.cnn.com/2006/06/25/magazines/fortune/charity2.fortune/index.htm.

Chapter 10: Understand profit; strive for independence

1. N.a.: Die Großen der Moderne: Menschen, die unsere Welt prägten und veränderten, authorized special edition, Cologne, Germany: Serges Verlag, 2001, p. 92; translation by Frank Arnold.

2. Sichtermann, Barbara: 50 Klassiker Frauen: Die berühmtesten Frauengestalten der Geschichte, 2nd edition, Hildesheim, Germany: Gerstenberg-Verlag, 2001, p. 202; translation by Frank Arnold.

Chapter 12: Understand your sphere of action

1. The Economist, see the contents section of every current edition, p. 3.

2. The Economist, online edition, “About Us” section, May 10, 2011.

3. Peter F. Drucker in a lecture on innovation; from lecture notes taken by Frank Arnold.

Chapter 13: Recognize inflection points and utilize performance indicators

1. Krames, Jeffrey: What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business, New York: McGraw-Hill, 2003, p. 136.

2. Grove, Andrew S.: Only the Paranoid Survive: How to Exploit the Crisis Points that Challenge Every Company, New York: Currency NS Doubleday, 1999, p. 89.

3. Ibid., p. 118.

4. Ibid., p. 20.

5. Ibid., back cover.

6. For more information, see Drucker, Peter F.: The Practice of Management, reprint edition (Harper & Row Publishers, 1954), New York: HarperCollins, 2006, p. 62ff. Drucker also described the first five objectives of performance in (among other places) Managing for the Future, specifying the fourth point in terms of “liquidity and cash flow”; see Drucker, Peter F.: Managing for the Future: The 1990s and Beyond, Oxford: BCA by arrangement with Butterworth-Heinemann, 1992, pp. 210–214.

Chapter 14: Secure feedback

1. Gracián, Baltasar: The Art of Worldly Wisdom, (first published in Spanish as Oráculo manual Y arte de prudencia, Huesca, 1647), Radford, VA: Wilder Publications, 2009.

2. Cray, Ed: General of the Army: George C. Marshall, Soldier and Statesman, New York: Cooper Square Press, 2000, p. 530.

Chapter 16: Remember, innovations are rarely welcomed with open arms

1. Yee, Roger: Jean-Pierre Heim, Architect, New York, Visual Reference Publications, 2003, p. 121.

2. Davidson, Frank P., and Lusk Brooke, Kathleen: Building the World: An Encyclopaedia of the Great Engineering Projects in History, two volumes (Greenwood Publishing Group, Oxford, 2006), Volume 1, Chapter 20, cited at http://buildingtheworld.com/book/featured/, as consulted on January 24, 2011.

Chapter 18: Innovate systematically

1. Pacher, Maurus: Harenberg Anekdotenlexikon: 3 868 pointierte Kurzgeschichten über mehr als 1 150 Persönlichkeiten aus Politik, Kultur und Gesellschaft, Dortmund, Germany: Harenberg Lexikon Verlag, 2000, p. 304; translation by Frank Arnold.

2. Schneider, Wolf: Die Sieger: Wodurch Genies, Phantasten und Verbrecher berühmt geworden sind, 3rd edition, Zurich, Switzerland/Munich, Germany: Piper Verlag, 2001, p. 170; translation by Frank Arnold.

3. Ibid.

4. Based on Drucker, Peter F.: Innovation and Entrepreneurship: Practice and Principles, reprint edition (Perennial Library, 1986), New York: HarperCollins Publishers, 1993, p. 35.

5. Pacher, Maurus: Harenberg Anekdotenlexikon, Dortmund, Germany: Harenberg Lexikon Verlag, 2000, p. 304; translation by Frank Arnold.

Chapter 19: Exploit success

1. Frankfurter Allgemeine Sonntagszeitung, “Der Milliardär mit der Dose,” April 7, 2002; translation by Frank Arnold.

2. Forbes Special Issue Billionaires, “The World’s Richest People, the Soda with Buzz,” March 28, 2005.

3. Frankfurter Allgemeine Sonntagszeitung, “Der Milliardär mit der Dose,” April 7, 2002; translation by Frank Arnold.

Chapter 20: Practice purposeful abandonment

1. Drucker, Peter F.: Managing for Results, reprint edition (Harper & Row Publishers, 1964), Oxford: Butterworth-Heinemann, 1999, pp. 134–136, 204–207; Drucker, Peter F.: The Effective Executive: The Definitive Guide to Getting the Right Things Done, reprint edition (Harper & Row Publishers, 1967), New York: HarperCollins Publishers, 2006, pp. 104–108.

2. Vasari, Giorgio: Lebensläufe der berühmtesten Maler, Bildhauer und Architekten, Zurich, Switzerland: Manesse Verlag, 1974, 2005, (originally published in Italy in 1550 and partly rewritten and enlarged in 1568), p. 317; translated by Frank Arnold.

3. Welch, Jack, and Byrne, John: Jack: Straight from the Gut, New York: Business Plus, 2003, p. 132.

Chapter 21: Practice creative destruction

1. Schumpeter, Joseph A.: Capitalism, Socialism, and Democracy, 6th edition (first published in 1942), London: Routledge Chapman & Hall, 1994, p. 83.

2. Frankfurter Allgemeine Zeitung, online edition, “Walkman des 21. Jahrhunderts: 100 Millionen iPods verkauft,” April 9, 2007, Spiegel, online edition, “iTunes wird immer dominanter,” August 19, 2009.

3. Stein, Leonard (ed.) with translations by Leo Black: Style and Idea: Selected Writings of Arnold Schönberg, University of California Press, 1984, p. 226.

Chapter 23: Exploit opportunities arising from new technologies

1. Fortune, “The best advice I ever got,” http://money.cnn.com/galleries/2008/fortune/0804/gallery.bestadvice.fortune/2.html, consulted on April 13, 2011.

2. Bill Gates, September 11, 2000, Sidney, Australia in: Krames, Jeffrey: What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business, New York: McGraw-Hill, 2003, p. 154.

3. See http://investor.google.com/conduct.html, September 22, 2010.

Chapter 24: Recognize the future that has already happened

1. Brown, Tom; Davis, Stan; Meyer, Christopher; et al.: Business: The Ultimate Resource, with an introduction by Daniel Goleman, London: Blooms-bury Publishing Plc, 2002, p. 1104.

Chapter 25: Focus on a single objective

1. Rapelli, Paola: Symbols of Power in Art: A Guide to Imagery, Los Angeles: J. Paul Getty Museum, 2011, p. 344.

2. Rüdiger, Wilhelm: “Michelangelo” in: Fassmann, Kurt (ed.): Die Großen: Leben und Leistung der 600 bedeutendsten Persönlichkeiten unserer Welt, 24 volumes, Zurich, Switzerland: Haus Coron, Kindler Verlag, 1976, Volume IV/2, p. 720; translated by Frank Arnold.

3. Ibid., p. 724.

4. Drucker, Peter F.: Adventures of a Bystander, 5th edition (Harper & Row Publishers, 1978), New Brunswick, London: Transaction Publishers, 2005, p. 255.

5. Vasari, Giorgio: The Lives of the Artists, (the Italian original dates from 1550–1568), reprint edition, New York: Oxford University Press, 1998, p. 297.

6. Ibid., p. 460.

Chapter 26: Create a perfect whole

1. Welch, Jack, and Welch, Suzy: Winning, New York: HarperCollins Publishers, 2005, p. 63.

2. Ibid, p. 68.

Chapter 27: Be results driven

1. See Der Spiegel, online edition, “Michael Schumachers F1-Rekorde,” July 30, 2009.

Chapter 28: Draw on your strengths

1. Calaprice, Alice. (ed.): The Expanded Quotable Einstein. Princeton, N J: Princeton University Press, 2000, p. 155, cited in Root-Bernstein, Michele and Robert: “Einstein on Creative Thinking: Music and the Intuitive Art of Scientific Imagination,” Psychology Today, March 31, 2010 at http://www.psychologytoday.com/blog/imagine/201003/einstein-creative-thinking-music-and-the-intuitive-art-scientific-imagination.

2. Letter to Paul Plaut, October 23, 1928: Einstein Archive 28-065; quoted in Dukas and Hoffmann, Albert Einstein, the Human Side, p. 78, cited at http://www.asl-associates.com/einsteinquotes.htm.

3. Einstein, A.: “On My Participation in the Atom Bomb Project,” short essay cited at http://www.atomicarchive.com/Docs/Hiroshima/EinsteinResponse.shtml, August 15, 2010.

4. Drucker, Peter F.: The Practice of Management, reprint edition (Harper & Row Publishers, 1954), New York: HarperCollins, 2006, p. 144.

5. Drucker, Peter F.: Managing the Non-Profit Organization: Principles and Practices, New York: HarperCollins Publishers, 1990, p. 148.

6. Pacher, Maurus: Harenberg Anekdotenlexikon: 3868 pointierte Kurzgeschichten über mehr als 1150 Persönlichkeiten aus Politik, Kultur und Gesellschaft, Dortmund, Germany: Harenberg Lexikon Verlag, 2000, p. 311; translated by Frank Arnold.

Chapter 29: Manage by objectives

1. Persché, Gerhard: “Gustav Mahler,” in: Harenberg Konzertführer: Der Schlüssel zu 600 Werken von 200 Komponisten, 6th edition, Dortmund, Germany: Harenberg Verlag, 2001, p. 498; translated by Frank Arnold.

Chapter 30: Plan meticulously

1. Clausewitz, Carl von: On War, Oxford: Oxford University Press, 2007 (first published in Berlin, Germany; by Dümmlers Verlag 1832), p. 134.

2. Ibid., p. 65.

Chapter 31: Be true to your own values

1. Jenkins, Roy: Churchill, 2nd edition, London/Oxford: Pan Books 2002, p. 591.

2. Mendelssohn, Peter de: “Winston Churchill,” in: Fassmann, Kurt (ed.): Die Großen: Leben und Leistung der 600 bedeutendsten Persönlichkeiten unserer Welt, vol. IX/2 Zurich. Switzerland: Haus Coron, Kindler Verlag, p. 882; translated by Frank Arnold.

3. Ibid., p. 894.

Chapter 32: Surround yourself with good people

1. Drucker, Peter F.: Adventures of a Bystander, 5th edition (Harper & Row Publishers, 1978), New Brunswick, London: Transaction Publishers, 2005, p. 280–281.

2. Welch, Jack, and Welch, Suzy: Winning, New York: HarperCollins Publishers, 2005, p. 89.

3. Ibid., p.90.

4. Braun, Richard: Harenberg Komponistenlexikon: 760 Komponisten und 1060 Meilensteine der Musik, Mannheim, Germany: Meyers Lexikonverlag, 2004, p. 743; translated by Frank Arnold.

Chapter 33: Create a culture of effectiveness

1. Donlan, J. P.: “Air Herb’s Secret Weapon, Chief Executive,” July-August 1999, p. 32 in: Krames, Jeffrey: What the Best CEOs Know: 7 Exceptional Leaders and Their Lessons for Transforming Any Business, New York: McGraw-Hill, 2003, p. 181.

2. Maucher, Helmut: Management Breviary: A Guideline to Corporate Success, Frankfurt am Main, Germany/New York: Campus Verlag, 2007, p. 49.

Chapter 34: Nurture and develop people

1. N.a.: Management, vol. 2, Frankfurt am Main, Germany/New York: Campus Verlag, 2003, p. 1383; translated by Frank Arnold.

2. Drucker, Peter F.: Managing the Non-Profit Organization: Principles and Practices, New York: HarperCollins Publishers, 1990, p. 151.

Chapter 35: Invest in training

1. Knopp, Guido, and Arens, Peter: Unsere Besten: Die 100 größten Deutschen, Munich, Germany: Econ Verlag, 2003, p. 162; translated by Frank Arnold.

2. Meyer-Abich, Adolf: “Alexander von Humboldt,” p. 201, in: Fassmann, Kurt (ed.): Die Großen: Leben und Leistung der 600 bedeutendsten Persönlichkeiten unserer Welt, 24 volumes, Zurich, Switzerland: Haus Coron, Kindler Verlag, 1976, vol. VII/1, pp. 194–219; translated by Frank Arnold.

3. First published in Paris in 1814 and titled Relation du voyage aux régions équinoxiales du nouveau continent.

4. Knopp, Guido, and Arens, Peter: Unsere Besten: Die 100 größten Deutschen, Munich, Germany: Econ Verlag, 2003, p. 161; translated by Frank Arnold.

5. Zimmermann, Martin (ed.): Allgemeinbildung: Große Persönlichkeiten, Würzburg, Germany: Arena Verlag, 2004, p. 208; translated by Frank Arnold.

6. Maucher, Helmut: Management Breviary: A Guideline to Corporate Success, Frankfurt am Main, Germany/New York: Campus Verlag, 2007, p. 164.

Chapter 36: Seek wise dialogue partners

1. Musée d’Orsay Web site archive: “Cézanne & Pissarro 1865–1885;” translated by Frank Arnold.

2. Welch, Jack, and Welch, Suzy: Winning, New York: HarperCollins Publishers, 2005, p. 291.

3. Fortune, “The Best Advice I Ever Got,” interviews conducted by Julia Boorstin, March 21, 2005, consulted on July 2, 2009, http://money.cnn.com/magazines/fortune/fortune_archive/2005/03/21/8254830/index.htm

Chapter 38: Establish effective cooperation

1. Tagesschau, online edition: “Obamas ‘Running Mate’ Joe Biden im Porträt,” September 23, 2008; translated by Frank Arnold.

2. Financial Times Deutschland online edition: “Joe Biden: Der heimliche Außenminister,” November 11, 2008; translated by Frank Arnold.

3. Welch, Jack, and Welch, Suzy: Winning, New York: HarperCollins Publishers, 2005, p 302.

Chapter 40: Embody integrity

1. Cray, Ed: General of the Army: George C. Marshall, Soldier and Statesman, New York: Cooper Square Press. 2000, p. xi.

2. Ibid., p. xiii.

Chapter 41: Harness the potential of women

1. Simon, Hermann: Hidden Champions of the 21st Century: Success Strategies of Unknown World Market Leaders, New York: Springer, 2009, p. 294.

Chapter 42: Make intelligent use of your time

1. See http://www.hawking.org.uk, Disability, June 22, 2011.

2. Jenkins, Roy: Churchill, 2nd edition, London, Oxford: Pan Books, 2002, p. 647.

3. On the Web site www.arnoldmanagement.com you will find plenty of more useful information on the topic of time management

Chapter 43: Perfect your own working methods

1. See Drucker, Peter F., and Maciariello, Joseph A.: Management: revised edition, New York: HarperCollins Publishers, 2008; revised edition of: Management: Tasks, Responsibilities, Practices, Harper & Row, 1973, pp. 484–488; and Malik, Fredmund: Managing, Performing, Living: Effective Management for a New Era, Frankfurt am Main, Germany/New York: Campus Verlag, 2006, pp. 283–299.

2. Drucker, Peter F., and Maciariello, Joseph A.: Management, revised edition, New York: HarperCollins Publishers, 2008; revised edition of Management: Tasks, Responsibilities, Practices, Harper & Row, 1973, p. 487.

Chapter 45: Make a life plan: What will your most important contribution be?

1. Krames, Jeffrey A.: Inside Drucker’s Brain, London: Portfolio, 2008, p. 73.

2. Krames, Jeffrey A.: Inside Drucker’s Brain, London: Portfolio 2008.

3. Beatty, Jack: The World According to Peter Drucker, New York: Broadway Books, 1998.

4. Drucker, Peter F., and Maciariello, Joseph A.: Management: revised edition, New York: HarperCollins Publishers, 2008 p. v.

Chapter 46: Be demanding of yourself and strive for perfection

1. Drucker, Peter F., and Nakauchi, Isao: Drucker on Asia: A Dialogue between Peter Drucker and Isao Nakauchi, reprint edition (Diamond Inc., Tokyo 1995), Oxford: Butterworth-Heinemann, 1997, p. 103.

2. Ibid., p. 103–104.

Chapter 47: Find meaning; then use it!

1. For further details, see Frankl, Victor: Der Mensch vor der Frage nach dem Sinn, 16th edition, Munich, Germany/Zurich, Switzerland: Piper Verlag, 2003, p. 47; translated by Frank Arnold.

2. Ibid.

3. Frankl, Viktor E.: Man’s Search for Meaning, 6th edition (first published in 1946 as From Death-Camp to Existentialism: A Psychiatrist’s Path to a New Therapy), Boston: Beacon Press, 2006, p. 104.

Chapter 48: Harness the power of discipline

1. Schneider, Wolf: Die Sieger: Wodurch Genies, Phantasten und Verbrecher berühmt geworden sind, 3rd edition, Zurich, Switzerland/Munich, Germany: Piper Verlag, 2001, p. 168; translated by Frank Arnold.

2. Ibid., p. 169.

3. Ibid., p. 175.

Chapter 49: Motivate yourself

1. Frankfurter Allgemeine Zeitung, online edition, Hahn, Jörg: “Erfrischung ersehnt,” July 6, 2009.

2. Ibid.

Chapter 50: Derive enjoyment from your profession

1. Schneider, Wolf: Die Sieger: Wodurch Genies, Phantasten und Verbrecher berühmt geworden sind, 3rd edition, Zurich, Switzerland/Munich, Germany: Piper Verlag, 2001, p. 334; translated by Frank Arnold.

2. Various authors: “Leonard Bernstein,” in: Die Großen der Moderne: Menschen, die unsere Welt prägten und veränderten, approved special edition, Cologne, Germany: Serges Verlag, 2001, p. 52; translated by Frank Arnold.

Chapter 51: Think constructively

1. Frankfurter Allgemeine Zeitung: “Einzelkämpfer am Limit,” April 4–5, 2009; translated by Frank Arnold.

2. FlyNiki corporate information, survey by Reise & Preise, consulted on February 12, 2011 http://www.flyniki.com/niki/about_us.php?LANG=eng&name=aboutus.

3. Die Zeit, online edition: “Es ist ein Glück, dass ich schon so viel Unglück erlebt habe,” June 9, 2009; translated by Frank Arnold.

Chapter 52: Act responsibly

1. Malik, Fredmund: Managing, Performing, Living: Effective Management for a New Era, Frankfurt am Main/New York: Campus Verlag, 2006, p. 59.

Chapter 53: Foster creativity all life long

1. Siegert, Werner: “Alte Fahrensmänner dringend gesucht,” in: M.o.M., volume 2, St. Gallen, Switzerland, 2005, p. 33; translated by Frank Arnold.

Chapter 56: Commit yourself to more than just your own well-being

1. Yunus, Muhammad, with Weber, Karl: Creating a World without Poverty: Social Business and the Future of Capitalism, New York: Public Affairs, 2007, “Poverty Is a Threat to Peace,” the Nobel Prize acceptance speech given in Oslo, Norway, on December 10, 2006, pp. 237–248.

2. The Norwegian Nobel Committee: Award Ceremony Speech, December 10, 2006, http://nobelprize.org/nobel_prizes/peace/laureates/2006/presentation-speech.html.

3. Frankfurter Allgemeine Zeitung, online edition, “Muhammad Yunus, Banglade⌝schs bekanntester Bürger,” October 13, 2006; translated by Frank Arnold.

4. Der Spiegel, online edition, “Business statt Almosen,” October 13, 2006; translated by Frank Arnold.

5. Frankfurter Allgemeine Zeitung, online edition, “Muhammad Yunus, Bangladeschs bekanntester Bürger,” October 13, 2006; translated by Frank Arnold.

6. Der Spiegel, online edition, “Business statt Almosen,” October 13, 2006; translated by Frank Arnold.

7. See http://www.grameen.com, About us, At a glance; http://www.grameen.com/index.php?option=com_content&task=view&id=26&Itemid=175, July 20, 2010.

8. Drucker, Peter F.: Managing the Non-Profit Organization: Principles and Practices, New York: HarperCollins Publishers. 1990, p. 20.

9. Ibid., p. 27.