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

More quotes by Jack Welch

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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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There are only two sources of competitive advantage: the ability to learn more about our customers faster than the competition and the ability to turn that learning into action faster than the competition.
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With leadership the question at the beginning of the day is, 'how far can we take this...how big can we grow it...and how fast can we get there?'
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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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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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Companies don't give job security. Only satisfied customers do.
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You have no right to be a leader if someone who works for you doesn't know where they stand.
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Again, your challenge is not just to improve. It is to break the service paradigm in your industry or market so that customers aren't just satisfied, they're so shocked that they tell strangers on the street how good you are.
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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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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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Take lack of candor. ... I'm not talking about boldface lying, but a tendency to withhold information. That behavior is far more common, and it frustrates teams and bosses to no end.
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If your CFO is more important than your CHRO (Chief Human Resource Officer) you're nuts!
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If we get the right people in the right job we've won the game.
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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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Real change agents comprise less than 10% of all business people.
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The secret of success is changing the way you think.
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For a large corporation to be effective, it must be simple. For an organization to be simple, its people must have self-confidence and intellectual self-assurance. Insecure managers create complexity, real leaders do not clutter.
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Be candid with everyone.
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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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The productivity now at universities is terrible. Tenure is a terrible idea. It keeps them around forever and they don't have to work hard.
Jack Welch