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On the face of it, shareholder value is the dumbest idea in the world.
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.
Idea
Ideas
Shareholder
World
Dumbest
Shareholders
Value
Face
Values
Faces
More quotes by Jack Welch
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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A company has only so much money and managerial time. Winning leaders invest where the payback is the highest. They cut their losses everywhere else.
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When I stop learning something new and start talking about the past versus the future, I will go.
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Stretch targets energize. We have found that by reaching for what appears to be the impossible, we often actually do the impossible and even when we don't quite make it, we inevitably wind up doing much better than we would have done.
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We bring together the best ideas - turning the meetings of our top managers into intellectual orgies.
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If you managed a baseball team, would you listen more closely to the team accountant or the director of player personnel?
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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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Every employee, not just the senior people, should know how a company is doing.
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What is a budget review? A personal review with numbers
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The hero is the one with ideas.
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I don't think environmentalists have the slightest reason to be concerned about globalization because every time you move a plant to a new place you upgrade the neighborhood. You put in global standards. You put in modern plants. And all the plants around it get improved.
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The team with the best players usually does win - this is why you need to invest the majority of your time and energy in developing your people.
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Trust happens when leaders are transparent.
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HR should be every company's killer app. What could possibly be more important than who gets hired?
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Leaders relentlessly upgrade their team, using every encounter as an opportunity to evaluate, coach, and build self-confidence.
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In every company, differentiation is never more important than it is in times of trouble, and that's the time when everyone tends to go to the well and equalize rather than differentiate.
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I’ve learned in a hundred ways that I rarely regretted acting but often regretted NOT acting fast enough.
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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.
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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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You are not a leader to win a popularity contest-you are a leader to lead.
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