"In your hands, as well as mine, lies the hope for a new generation of business leaders in which each of us becomes a pioneer, in which each of us decides to travel unknown roads in search of unsolved challenges, in which each of us commits our time and talent not just to the treasures of today but to the frontier of tomorrow, where new dreams and new hopes and new possibilities are waiting for us to pull them from the darkness. Yes, we have more work to do …. Hard work, frightening work, uncertain work, unending work, work that may test us, work that may defeat us … but work on which the whole world depends. The time is short and the odds are long, but I believe that we are ready nonetheless. With the love of those raised us, with the lessons of those who taught us, with the strength of those who stand beside us as we face what lies ahead, I say, let us begin."
If the rest of the world sat in admiration of the productive capacity of American industry, it stood in awe of American management.