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You got to be rigorous in your appraisal system. The biggest cowards are managers who don't let people know where they stand.
Jack Welch
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Jack Welch
Age: 84 †
Born: 1935
Born: November 19
Died: 2020
Died: March 1
Author
Businessperson
Engineer
Journalist
Manager
Writer
Peabody
Massachusetts
John Francis Welch
Jr.
John Francis Jack Welch
Jr.
Managers
Biggest
Stand
System
People
Appraisal
Rigorous
Cowards
Coward
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In manufacturing, we try to stamp out variance. With people, variance is everything.
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On the face of it, shareholder value is the dumbest idea in the world.
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The hero is the one with ideas.
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Trust happens when leaders are transparent.
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The best thing workers can bring to their jobs is a lifelong thirst for learning.
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Don't make the process harder than it is.
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There are only two sources of competitive advantage: the ability to learn more about our customers faster than the competition and the ability to turn that learning into action faster than the competition.
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Some people have better ideas than others some are smarter or more experienced or more creative. But everyone should be heard and respected.
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People aren't the same. Business is, in my opinion, all about the team that fields the best players. It's not about an idea. An idea goes away. Somebody catches up with it. It's not about a widget.
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We have built a company with a business mix and operating system that will allow us to deliver record results in any foreseeable economic climate, ... We have just completed a very successful management transition and I've never been more confident about the company's future.
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The thing it taught me was that winning's a helluva lot more fun than losing. It also taught me that the team with the best players that worked together the best wins.
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People who are coaches will be the norm. Other people won't get promoted.
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If we wait for the perfect answer, the world will pass us by
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As a leader, you have no right to have any employee wonder how they fit in and where they are going.
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When it's time to let someone go, do it right. No surprises. No humiliation.
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If we don't create private sector jobs and just - just creating public sector jobs, we're going nowhere. This is a bad game. You've got to have innovation. You've got to have tax policies that support innovation.
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Face reality as it is, not as it was, or as you wish it were. Be candid with everyone. Don't manage, lead. Change before you have to. If you don't have a competitive advantage, don't compete. Control your own destiny, or someone else will.
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Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.
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