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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.
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.
Money
Leaders
Else
Everywhere
Much
Loss
Time
Cutting
Highest
Leader
Managerial
Company
Losses
Winning
Invest
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The thing it taught me was that winning's a helluva lot more fun than losing. It also taught me that the team with the best players that worked together the best wins.
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The best thing workers can bring to their jobs is a lifelong thirst for learning.
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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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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.
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There is no straight line to a dream.
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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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When it's time to let someone go, do it right. No surprises. No humiliation.
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Companies don't give job security. Only satisfied customers do.
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If you pick the right people and give them the opportunity to spread their wings and put compensation as a carrier behind it you almost don't have to manage them.
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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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It's the internet like the flu - it just spreads like crazy.
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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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Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.
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I wanted to change the rules of engagement, asking for more- from fewer. I was insisting that we had to have only the best people...If you wanted excellence, at a minimum, the ambience had to reflect excellence.
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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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