In a period of economic downturn, the overwhelming instinct is to pare back, cut costs, and lay off. If you do that, do so with your strategy in mind. The worst mistake is to cut across the board. Instead, reconnect and recommit to a clear strategy that will distinguish yourself from others.

So companies have to be very schizophrenic. On one hand, they have to maintain continuity of strategy. But they also have to be good at continuously improving.

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

The best CEOs I know are teachers, and at the core of what they teach is strategy.

We had a military and political leadership at that period which was genuinely deluded.

As a civil rights leader, Mrs. King's vision of racial peace and nonviolent social change was a fortifying staple in advancing the civil rights movement.

Resilient people aren't afraid to admit they have weaknesses. Whether an effective leader acknowledges problems within an organization, or an individual recognizes areas in need of personal growth, resilient people use failure as an opportunity to spot their weaknesses.

The combined entity Youku Tudou Inc. represents a dominant leader in online video sector in China with the largest user base, most comprehensive content library, most advanced bandwidth infrastructure, and most effective monetization capability.