A leader should give the credit of the success to the team members. But when failure comes, leaders should absorb the failures and protect the team members.

But I noted with real satisfaction how well ex-footballers seemed to have leadership qualifications... I believe that football, perhaps more than any other sport, tends to instill in men the feeling that victory comes through hard - almost slavish - work, team play, self-confidence, and an enthusiasm that amounts to dedication.

One of my predecessors is said to have observed that in making his decisions he had to operate like a football quarterback - he could not very well call the next play until he saw how the last play turned out. Well, that may be a good way to run a football team, but in these days it is no way to run a government.

Manage the top line: your strategy, your people, and your products, and the bottom line will follow.

Management is about persuading people to do things they do not want to do, while leadership is about inspiring people to do things they never thought they could.

If you want to hire great people and have them stay, you have to be run by ideas, not hierarchy. The best ideas have to win.