Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later. Jack Welch Read Quote
A strategy is something like, an innovative new product; globalization, taking your products around the world; be the low-cost producer. A strategy is something you can touch; you can motivate people with; be number one and number two in every business. You can energize people around the message. Jack Welch Read Quote
One of the jobs of a manager is to instill confidence, pump confidence into your people. And when you’ve got somebody who’s raring to go and you can smell it and feel it, give ’em that shot. Jack Welch Read Quote
Out-innovating them is the way to beat China. And to do everything that we do in this country to support innovative policy, that drives innovation and new products and more jobs and creates jobs. You can’t – you can’t put a wall up around here. We tried that in the ’30s. It didn’t work. Jack Welch Read Quote
What’s important at the grocery store is just as important in engines or medical systems. If the customer isn’t satisfied, if the stuff is getting stale, if the shelf isn’t right, or if the offerings aren’t right, it’s the same thing. You manage it like a small organization. You don’t get hung up on zeros. Jack Welch Read Quote
We’ve only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained? Jack Welch Read Quote
The 1980s will seem like a walk in the park when compared to new global challenges, where annual productivity increases of 6% may not be enough. A combination of software, brains, and running harder will be needed to bring that percentage up to 8% or 9%. Jack Welch Read Quote
The productivity now at universities is terrible. Tenure is a terrible idea. It keeps them around forever and they don’t have to work hard. Jack Welch Read Quote
