What you get out of an M.B.A. programme, no matter how much experience, is functional tools and understanding in disciplines: you'll understand economics, you'll understand marketing, finance, accounting. That, M.B.A. programmes do very well.

Companies are communities. Theres a spirit of working together. Communities are not a place where a few people allow themselves to be singled out as solely responsible for success.

Most of the time, strategies should not be formulating strategy at all; they should be getting on with implementing strategies they already have.

Strategy is not the consequence of planning, but the opposite: its starting point.

Strategies grow initially like weeds in a garden, they are not cultivated like tomatoes in a hothouse.

My feeling about executive bonuses is that any candidate for a chief executive job who even raises the issue of bonuses should be dismissed out of hand.

Corporations are economic entities, to be sure, but they are also social institutions that must justify their existence by their overall contribution to society.