The essence of strategy is choosing what not to do.

The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.

The economic distress of America's inner cities may be the most pressing issue facing the nation. The lack of businesses and jobs in disadvantaged urban areas fuels not only a crushing cycle of poverty but also crippling social problems such as drug abuse and crime… A sustainable economic base can be created in the inner city, but only as it has been created elsewhere: through private, for-profit initiatives and investment based on economic self-interest and genuine competitive advantage.

Health care historically has been a very siloed field that's organized around medical specialties - urology, cardiac surgery, and so forth - and around the supply of these specialty services. The patient is the ping-pong ball that moves from service to service.

Efforts to preserve all industries will lower the national standard of living.

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

You can't be all things to all people.