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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.
Circumstances
Plans
Lengthy
Idea
Continually
Action
Central
Ideas
Strategy
Changing
Plan
Evolution
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Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.
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Business is a game, and as with all games, the team that puts the best people on the field and gets them playing together wins. It's that simple.
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Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later.
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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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Give me a highly successful unionized industry.
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The secret of success is changing the way you think.
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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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Cash is king. Get every drop of cash you can get and hold onto it.
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Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas.
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