Pankaj Ghemawat quotes:

Business schools are failing to teach the students about the risks of market failures. We need to include some material on market failures in the core of curriculum.

'The system made me do it' is the perfect cop-out for today's managers.

Being open to the concept that globalisation is only 10-20% complete leaves room for some expectation that there might be more gains to be achieved from further integration.

[It's] useful to ask ourselves, 'Just how global are we?' before we think about where we go from here.