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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.
Plans
Lengthy
Idea
Continually
Action
Central
Ideas
Strategy
Changing
Plan
Evolution
Circumstances
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Trust happens when leaders are transparent.
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If your CFO is more important than your CHRO (Chief Human Resource Officer) you're nuts!
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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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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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There is no straight line to a dream.
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Number one, cash is king... number two, communicate... number three, buy or bury the competition.
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Protecting underperformers always backfires.
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It is better to act too quickly than it is to wait too long.
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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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If you've got a company that has a mentality inside that is filled with searching for a better idea every day, not just as a slogan but as a real concept, you will have innovation around you all the time.
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In my lifetime, Mitt Romney is the most qualified leader I've ever seen run for the presidency of the United States.
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Take time to get to know people. Understand where they are coming from, what is important to them. Make sure they are with you.
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In any bad situation you can not let yourself be a victim.
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The biggest opportunity for big companies has come by far in the digitization of internal processes.
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There's no such thing as work-life balance. There are work-life choices, and you make them, and they have consequences.
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Insecure managers create complexity. Frightened, nervous managers use thick convoluted planning books and busy slides filled with everything they’ve known since childhood……. They worry that if they’re simple, people will think they’re simple minded. In reality, of course, it’s just the reverse. Clear, tough minded people are the most simple.
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Change has no constituency and a perceived revolution has even less.
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A good leader remains focused. Controlling your destination is better than being controlled by it
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If we get the right people in the right job we've won the game.
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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.
Jack Welch
