Strategy is not a lengthy action plan. It is the evolution of a central idea through continually changing circumstances.

If you want risk taking, set an example yourself and reward and praise those that do.

We bring together the best ideas - turning the meetings of our top managers into intellectual orgies.

Real communication is an attitude, an environment. It is the most interactive of all processes. It requires countless hours of eyeball to eyeball, back and forth. It involves more listening than talking.

Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it.

Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.

Don't lose youself on the way to the top.