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.

Someone, somewhere has a better idea.

Be candid with everyone.

One of the ways we'll know that Work-Out has been successful is that my style of leadership will no longer be tolerated in this company.

When employees underperform, a leader tells them so.

The 3Ss of Winning in business are speed, simplicity, and self-confidence.

Focus on a few key objectives ... I only have three things to do. I have to choose the right people, allocate the right number of dollars, and transmit ideas from one division to another with the speed of light. So I'm really in the business of being the gatekeeper and the transmitter of ideas.