Leaders establish the vision for the future and set the strategy for getting there.

In an ever changing world, you never learn it all, even if you keep growing into your 90s.

Great leadership does not mean running away from reality. Sometimes the hard truths might just demoralize the company, but at other times sharing difficulties can inspire people to take action that will make the situation better.

Most people don't lead their own lives - they accept their lives

Managers are trained to make incremental, programmatic improvements. They aren't trained to lead large-scale change.

Leaders establish the vision for the future and set the strategy for getting there.

The rate of change is not going to slow down anytime soon. If anything, competition in most industries will probably speed up even more in the next few decades.