The McKinsey Quarterly makes note of the following, amongst others:

  1. “If you don’t invest in the future and don’t plan for the future, there won’t be one.” —George Buckley, chairman, president, and CEO of 3M
  2. Strategy must be on the board agenda of every meeting.
  3. If you need to cut costs then us a scalpel not an axe. The ax will make the biggest dent on costs and make you look smart for a while. But the more precise scalpel can protect a company’s future, even if there are fewer short-term gains.