For the first seven years Telmex held a monopoly on phone service, and it succeeded in imposing some of the highest prices anywhere in the world. (All bidders were offered a similar competition-free period.) The market opened to rivals in 1997, and Telmex tangled with competitors repeatedly over the high access fees it charged them.

FORBES: Magazine Article

In the Medicare Part D prescription drug program, precisely these market mechanisms were proven to reduce health costs 40% below projections, while Medicare Advantage shows how market competition leads to better benefits for seniors in the real world.

FORBES: Why Paul Ryan's Medicare Is So Much Better Than Obama's

The mix of personality, drive and innovation in business leaders mixed with market demand, the economy, competition, government and the world around us makes for a fresh challenge requiring fresh approaches every day.

FORBES: I write about how CEOs lead mid-market businesses.