Freedom, inefficiency, and prosperity are not infrequently found together. - Samuel Eliot Morison.

In fact, many outstanding businesses have been successful primarily because of outstanding execution. An Inc. magazine survey of its Inc. 500 (fastest growing private companies) showed that 88% of CEOs attributed their company’s success primarily to extraordinary execution of an idea versus only 12% who attributed success primarily to the idea itself.

Your company is an organism; its cells need to divide to multiply, they need to differentiate to become something new. Don’t worry about what you’re going to lose—think about what you’re going to become.

This is part of my management philosophy. Executives should know they don’t accumulate wealth unless the long-term shareholders do the same.

It’s easy to take comfort in the fact that other people agree with us. As legendary investor Warren Buffett pointed out, though, “The fact that other people agree or disagree with you makes you neither right nor wrong. You will be right if your facts and reasoning are correct.”

The people executing established practices say they want new ideas, but they don’t want the bad ones. And because they so want to avoid the bad ones, they never deviate enough to find good ones.