In order to lead a country or a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody, green economy, regulations - can't have a bunch of piece-meal activities. It's got to have a vision.

I've learned that mistakes can often be as good a teacher as success.

An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.

Control your own destiny or someone else will.

Number one, cash is king... number two, communicate... number three, buy or bury the competition.

An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.

The team with the best players wins.

If you don't have public hangings for bad culture in a company, if you don't take people out and let them say, they went home to spend more time with the family. It's crazy.

A strategy is something like, an innovative new product; globalization, taking your products around the world; be the low-cost producer. A strategy is something you can touch; you can motivate people with; be number one and number two in every business. You can energize people around the message.

I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world.

Change before you have to.

I was afraid of the internet... because I couldn't type.

Don't manage - lead change before you have to.

Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.

Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.

What's important at the grocery store is just as important in engines or medical systems. If the customer isn't satisfied, if the stuff is getting stale, if the shelf isn't right, or if the offerings aren't right, it's the same thing. You manage it like a small organization. You don't get hung up on zeros.