There is not much new in management, but there is a lot new in business.

I think that many people have lost their sense of loyalty to their company. That's because very few companies remain loyal to their people. The old "job for life" condition disappeared 20 years ago - and nothing has replaced it.

Most business leaders don't consider their own causality in the creation of problems. They fail to see that their company could have avoided breakdowns if they had acted differently. We tend to see problems as having been created by someone else or by the "economy". It's good to be a little introspective from time to time. Think about how your own behavior might have gotten your company into a problem, and how it may help to get you out.

Very soon, most companies will need to have a global operating model - even if you only sell locally. Even mid-sized companies will source globally. Knowing how to operate in this environment will be critical. We need to train managers and leaders to become citizens of the world.

Without ambition no conquests are made, and no business created. Ambition is the root of all achievement.

When a change initiative is focused on changing a company's culture directly, it can take five to ten years to accomplish its objective. Company cultures don't change easily. My friend Peter Drucker used to argue that company cultures don't change at all.

There is not much new in management, but there is a lot new in business.