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Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later.
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.
Short
Company
Term
Sinks
Five
Earnings
Inspirational
Squeeze
Years
Jerk
Earning
Later
More quotes by Jack Welch
Genuine leadership comes from the quality of your vision and your ability to spark others to extraordinary performance.
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People always overestimate how complex business is. This isn't rocket science. We've chosen one of the world's simplest professions.
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We know where most of the creativity, the innovation, the stuff that drives productivity lies-in the minds of those closest to the work. It's been there in front of our noses all along while we've been running around chasing robots and reading books on how to become Japanese-or at least manage like them.
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In any bad situation you can not let yourself be a victim.
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Change has no constituency and a perceived revolution has even less.
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Cash is king. Get every drop of cash you can get and hold onto it.
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Number one, cash is king... number two, communicate... number three, buy or bury the competition.
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When it's time to let someone go, do it right. No surprises. No humiliation.
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Strategy is not a lengthy action plan. It is the evolution of a central idea through continually changing circumstances.
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The secret of success is changing the way you think.
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Take the middle 70 percent and tell them what they need to do to get into the top 20 percent.
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Face reality as it is, not as it was or as you wish it to be.
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Ninety-nine point nine percent of all employees are in the pile because they don't think.
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If you don't have public hangings for bad culture in a company, if you don't take people out and let them say, they went home to spend more time with the family. It's crazy.
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If we get the right people in the right job we've won the game.
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First and most obvious, bring out the three old warhorses of competition - cost, quality, and service - and drive them to new levels, making every person in the organization see them for what they are, a matter of survival.
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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.
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When it comes to strategy, ponder less and do more.
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Managers can waste a lot of time at the outset of a crisis denying that something went wrong. Skip that step.
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You talk about seeing around corners as an element of success. That's what differentiates the good leader. Not many people have it. Not many people can predict that corner. That would be a characteristic of great leaders.
Jack Welch
