Quote

Strategy is not a lengthy action plan. It is the evolution of a central idea through continually changing circumstances.

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.
Plan
Evolution
Circumstances
Plans
Lengthy
Idea
Continually
Action
Central
Ideas
Strategy
Changing

More quotes by Jack Welch

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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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In real life, strategy is actually very straightforward. You pick a general direction and implement like hell.
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My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too.
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No one is doing something in your business - getting a sale, having a key customer, working on an R&D project - doing anything that's more important than something you say is going to change the company.
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If you get the best people on your team, you've got plenty of time to do the things you like to do and can add more value to.
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In manufacturing, we try to stamp out variance. With people, variance is everything.
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Getting the right people in the right jobs is a lot more important than developing a strategy.
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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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When I stop learning something new and start talking about the past versus the future, I will go.
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Every employee, not just the senior people, should know how a company is doing.
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Leadership is helping other people grow and succeed. it is not just about you. It's all about them.... everyone deserves a chance.... you can never let yourself be a victim.
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If you want risk taking, set an example yourself and reward and praise those that do.
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The story about GE that hasn't been told is the value of an informal place. I think it's a big thought. I don't think people have ever figured out that being informal is a big deal.
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Face reality as it is, not as it was or as you wish it to be.
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I believe social responsibility begins with a strong, competitive company. Only a healthy enterprise can improve and enrich the lives of people and their communities.
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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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Keep learning don't be arrogant by assuming that you know it all, that you have a monopoly on the truth always assume that you can learn something from someone else.
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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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Business success is less a function of grandiose predictions than it is a result of being able to respond rapidly to real changes as they occur.
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In the end, your integrity is all you've got.
Jack Welch