A question that often comes up at times of strategic transformation is, should you pursue a highly focused approach, betting everything on one strategic goal, or should you hedge? ... Mark Twain hit it on the head when he said, Put all of your eggs in one basket and WATCH THAT BASKET.

Technology happens, it's not good, it's not bad. Is steel good or bad?

So give me a turbulent world as opposed to a quiet world and I'll take the turbulent one.

The most important role of managers is to create environment in which people are passionately dedicated to winning in marketplace.

Pickups, S.U.V.'s, vans and the like represent about 80 million vehicles, with mileage of perhaps 13 to 16 miles per gallon. Converting those should be our first priority.

Competition is warfare. Mostly it is played by prescribed rules--there is a sort of Geneva Convention for competition--but it's thorough and often brutal.

With all due respect to Microsoft and Intel, there is no substitute for being in the right place at the right time.