"Let the word go forth from this time and place, to friend and foe alike, that the torch has been passed to a new generation of Americans - born in this century, tempered by war, disciplined by a hard and bitter peace"

This quote by John F. Kennedy talks to the passing of the torch of management from one generation to the next. Kennedy is stressing the value of the new generation of Americans, born in the 20th century, who have been tempered by war and disciplined by a hard and bitter peace. He is contacting this new generation to take up the mantle of leadership and to carry the torch forward. Kennedy is likewise sending a message to both good friends and opponents alike, that the brand-new generation of Americans is all set to handle the challenges of the future. He is expressing his faith in the new generation and their capability to lead the country into a brighter future. Kennedy's words are a suggestion that the future of the country is in the hands of the brand-new generation and that they need to be prepared to take on the obligation of management.