Quote

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.
Highest
Leader
Managerial
Company
Losses
Winning
Invest
Money
Leaders
Else
Everywhere
Much
Loss
Time
Cutting

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I don't think environmentalists have the slightest reason to be concerned about globalization because every time you move a plant to a new place you upgrade the neighborhood. You put in global standards. You put in modern plants. And all the plants around it get improved.
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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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Getting the right people in the right jobs is a lot more important than developing a strategy.
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Protecting underperformers always backfires.
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Be candid with everyone.
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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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Leading a big company means never allowing a company to take itself too seriously.
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When it comes to strategy, ponder less and do more.
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What is a budget review? A personal review with numbers
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The most important job you have is growing your people, giving them a chance to reach their dreams.
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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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We have built a company with a business mix and operating system that will allow us to deliver record results in any foreseeable economic climate, ... We have just completed a very successful management transition and I've never been more confident about the company's future.
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What the Commission is seeking cuts the heart out of the strategic rationale of our deal.
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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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Leaders relentlessly upgrade their team, using every encounter as an opportunity to evaluate, coach, and build self-confidence.
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You are not a leader to win a popularity contest-you are a leader to lead.
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Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it.
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