Strategic thinking rarely occurs spontaneously

Operational effectiveness and strategy are both essential to superior performance.

A target should go with every goal. A target is the value that defines success.

If all you're trying to do is essentially the same thing as your rivals, then it's unlikely that you'll be very successful.

Competitiveness is defined as the ability of companies to compete while maintaining or improving the average standard of living. If you are cutting wages to become more competitive, that's not really more competitive. It's raising the skill and the efficiency of those workers so that they can support and sustain that higher wage.

Strategy is about making choices, trade-offs; it's about deliberately choosing to be different.

The purpose of the corporation must be redefined as creating shared value, not just profit per se. This will drive the next wave of innovation and productivity growth in the global economy.