Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.

Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.

If you're a leader and you're the smartest guy in the world - in the room, you've got real problems.

Keep learning; don't be arrogant by assuming that you know it all, that you have a monopoly on the truth; always assume that you can learn something from someone else.

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

Don't take a job because your mother wants you to. Don't be a victim. You own your decision.

Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.