It follows that acceleration in the rate of change will result in an increasing need for reorganization. Reorganization is usually feared, because it means disturbance of the status quo, a potential threat to peoples vested interests in their jobs, and an upset to established ways of doing things. For these reasons, needed reorganization is often deferred. With a resulting loss in effectiveness and increase in costs.

A business of high principle attracts high-caliber people more easily, thereby gaining a basic competitive and profit edge.

A business of high principle generates greater drive and effectiveness because people know that they can do the right thing decisively and with confidence.

It follows that acceleration in the rate of change will result in an increasing need for reorganization. Reorganization is usually feared, because it means disturbance of the status quo, a potential threat to peoples vested interests in their jobs, and an upset to established ways of doing things. For these reasons, needed reorganization is often deferred. With a resulting loss in effectiveness and increase in costs.

People should be judged on the basis of their performance, not nationality, personality, education, or personal traits and skills.

There is no such thing as business ethics. There is only one kind -- you have to adhere to the highest standards.

Basic philosophy, spirit and drive of an organization have far more to do with its relative achievements than do technological or economic resources, organizational structure, innovation and timing.