“Large organizations often don’t want entrepreneurs.” But let’s look at their performance as a result: Over 30 years, out of the Fortune 25, only 6 remain. Over 10 years, 13 of the 25 have fallen. So the half life of the Fortune 25 is 10 years. They are disrupted by entrepreneurs or transacted out of business. None of you can tell me you can run one business model through your life and career. You have to systematically be going to war with your business model and reinventing it 3-5 times in your career.”
“Focusing on economic outcomes to the exclusion of any other variable is a problematic construct. The notion that we can address economic issues separately, and then only deal with sustainability and social issues if there is anything leftover, doesn’t work. You can’t deal with those things sequentially, but have to do so simultaneously. That requires significant invention and entrepreneurship.”
“Peter Drucker, who shows up in this Summit all the time, says: ‘Most of what you hear about entrepreneurship is all wrong. It’s not magic, it’s not mysterious, it’s a discipline, and like any discipline, it can be learned.’ We are all entrepreneurs, only too few of us get to practice. My job now is to show you how easy it is to practice it.”