Joshua Topolsky: Let's get into it, I know you have very limited time. Tell me about this new memo.

Satya Nadella: Yeah, so the context from a timing perspective is that we just finished our fiscal year ... so I just wanted to mark this and take the opportunity to galvanize our employees around what it is that is core to us, and our soul and our culture-change agenda. And obviously nowadays when you're talking to 100,000 employees, you do it in ways where it's open to everybody, where you talk to customers, partners, as well as the press.

The thing that I tried to hone in on: "What is the core contribution that we as a company can make in a 'mobile-first, cloud-first’ world?"

"I don't think of the world as enterprise and consumer. I think of it as people."

So that's the core of the memo, and when I think about productivity for me, a good canonical example for us is what we are doing with Cortana. Think about what Cortana can do for you as a salesperson, walking out of a sales meeting. It knows your calendar so it knows which company and person you met, where you were because of the geofencing, it does your "CRM" work for you as opposed to just about getting you there in terms of your mapping information. So it's about a much more broad view of what an intelligent agent that we can produce [is] that can reason over data, that's personal, organizational, and [can] improve productivity.

At the end of the day, look, any strategy gets eaten for lunch if you don't have a culture that's also changing and is innovative in itself. In fact, I kind of say we've got to innovate on the innovation process, so we've introduced a lot of new functions that are more core, like design and data science, into the core of our engineering.

We also have taken out layers, we want to make sure that the least number of decision makers are involved anytime something needs to be decided on ... and also question any dogma. This is not about, "Hey, a set of changes [at] one time," but to be able to say, "Look, we're going to be an organization that's going to learn and change, and every employee should push." And so that's really the essence of what my message was.

Everything you just ran through sounds very enterprise focused. I'm not hearing a lot about consumers there. Is there a new Microsoft focus, a different Microsoft focus — and I'm talking the end user — are you moving focus more towards enterprise and away from the consumer?

I don't think of the world as enterprise and consumer. I think of it as people. In fact, I call out the specific thing about dual-use, which is I think where we can be most unique. Look, there's always going to be Pandora on our devices. But what is it that we can do with our operating systems, with our cloud, with our software, which is different and unique? We can make OneDrive, and OneDrive for Business, which I will use to share photographs and save photographs for my business documents. We can do a fantastic job of bringing those things together in support of you, the individual who's spanning both personal life and work life. So to me, that's what we are about.