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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.

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.
Business
Professions
Science
Rocket
Always
Rockets
World
Simplest
People
Complexes
Complex
Chosen
Profession
Overestimate

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In difficult times your best must be hugged, loved, kissed, rewarded, paid - everything. And your worst must be the people that leave, because your best are going to take you to the next game.
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If you're a leader and you're the smartest guy in the world - in the room, you've got real problems.
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Protecting underperformers always backfires.
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All of management is about self-confidence
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On the face of it, shareholder value is the dumbest idea in the world.
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If we don't create private sector jobs and just - just creating public sector jobs, we're going nowhere. This is a bad game. You've got to have innovation. You've got to have tax policies that support innovation.
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Managers can waste a lot of time at the outset of a crisis denying that something went wrong. Skip that step.
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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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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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People who are coaches will be the norm. Other people won't get promoted.
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Excellence and competitiveness aren't incompatible with honesty and integrity.
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First and most obvious, bring out the three old warhorses of competition - cost, quality, and service - and drive them to new levels, making every person in the organization see them for what they are, a matter of survival.
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Every employee, not just the senior people, should know how a company is doing.
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Simple messages travel faster, simpler designs reach the market faster and the elimination of clutter allows faster decision making.
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If we wait for the perfect answer, the world will pass us by
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You are not a leader to win a popularity contest-you are a leader to lead.
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There is no straight line to a dream.
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Out-innovating them is the way to beat China. And to do everything that we do in this country to support innovative policy, that drives innovation and new products and more jobs and creates jobs. You can't - you can't put a wall up around here. We tried that in the '30s. It didn't work.
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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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