Companies operating in urban communities have a tremendous ripple effect.

The underlying principles of strategy are enduring, regardless of technology or the pace of change.

There's a fundamental distinction between strategy and operational effectiveness.

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.

Strategy is choice. Strategy means saying no to certain kinds of things.

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.

If a strategy meets a goal: It's working. If a strategy meets a target: It's a success.