Imagination economy

Fortune Magazine writer Geoffrey Colvin recently coined the phrase "imagination economy" as America's new economic formula. Traditional thinking stresses math and science. Colvin suggests otherwise, that technology advances circle the world too fast for competitive advantage. Rather, the intuitive, nonlinear processes of creativity and imagination hold the key to a new economic frontier.
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Thomas J. Watson, Jr.

Thomas J. Watson, Jr. became CEO of IBM in May 1956. Watson successfully transitioned IBM from the age of mechanical office equipment into the computer era during its most explosive period of growth. When Watson assumed the CEO position, IBM employed 72,500 people and had revenue of $892 million. When he stepped down in 1971, there were more than 270,000 employees and revenue hit $8.3 billion.
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80/20 rule

Dr. Joseph Juran originated the use of the 80/20 rule in quality management research during the 1930s in what he called "vital few and trivial many." The 80/20 rule of thumb says roughly 20% of your efforts produce 80% of the results.
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2 of 3 rule of thumb

2 of 3 rule of thumb. The three major attributes of most products and services are quality, price and speed of delivery. The 2 of 3 rule of thumb says you can pick any two of these attributes but not all three.
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Walt Disney

Born in Chicago in 1901, Walt Disney developed an early interest in drawing, sketching and photography, and later developed movie animation methods. Mickey Mouse made his debut in the 1928 cartoon film "Steamboat Willie". Thus began Disney's fantastic run as a movie and entertainment franchise. Walt Disney and his staff have received more than 950 honors, including 48 Academy Awards.
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Monopoly

The real estate board game Monopoly was invented in 1934 by Charles B. Darrow. His first version of the game was rejected by Parker Brothers due to design flaws. After Darrow sold 5,000 handmade sets of the game to a Philadelphia department store, Parker Brothers agreed to sell the game. Since then, over 200 million Monopoly games have been sold worldwide.
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The greatest leader

"The greatest leader isn’t necessarily the one who does the greatest things. The greatest leader is the one who gets the people to do the greatest things." -- Ronald Reagan.
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