The mentor-mentee relationship is ideally like that of the guru and disciple: motivated by the desire of the guru to impart knowledge to the disciple.

A key ingredient in innovation is the ability to challenge authority and break rules.

Most business schools are geared toward churning out investment bankers and management consultants.

Corporate executives and business owners need to realize that there can be no compromise when it comes to ethics and that there are no easy shortcuts to success. Their companies need ethics carefully sewn into their fabric.

Outsourcing was the bogeyman of the 90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.

The goal should be to build a sustainable lifestyle business that does good for employees and customers - and that steadily builds wealth.

The most important skill of the future will be the ability to learn and adapt. You need to be resourceful, keep your eyes open for advances coming out of nowhere, and embrace the new opportunities as they emerge. You need to be able to collaborate with others and build relationships. You need to be able to share ideas, inspire, and motivate.