Hi, I'm David T Rosen, and it is my privilege and honor to use this space to share my experiences as an entrepreneur and business leader. I'm quite busy, as you can imagine, but I like to stop in here from time to time and post my thoughts about life, business, and the ongoing transition to a new economic structure that emphasizes - indeed, requires - individual entrepreneurial endeavor. Or...

The concept of the carrot and the stick is something that most people should be familiar with. The earliest recorded use of the phrase was in December 1948 in The Economist magazine. The concept is drawn from the idea of a cart driver using a carrot suspended in front of his or her horse, mule, etc. just out of reach to motivate it to constantly move towards it, while holding...