Quote

What Sam Walton did was to go into one of the most mature industries of all and find a way to make it grow, grow, grow, double-digit, month after month, year after year. He did it by innovation, customer focus, and above all, speed.

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.
Years
Speed
Digit
Way
Months
Industries
Make
Industry
Customer
Grow
Double
Focus
Month
Grows
Mature
Year
Customers
Find
Innovation
Walton

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The 1980s will seem like a walk in the park when compared to new global challenges, where annual productivity increases of 6% may not be enough. A combination of software, brains, and running harder will be needed to bring that percentage up to 8% or 9%.
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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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Don't make the process harder than it is.
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Leadership is helping other people grow and succeed. it is not just about you. It's all about them.... everyone deserves a chance.... you can never let yourself be a victim.
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One of the things about leadership is that you cannot be a moderate, balanced, thoughtful, careful articulator of policy. You've got to be on the lunatic fringe.
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If work is just going in every day and getting a check, it's an ugly life. When you can make work a meaningful purpose, you've hit the jackpot for people.
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A leader's role is not to control people or stay on top of things, but rather to guide, energize and excite.
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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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The main social responsibility for a company is to win.
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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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Leading a big company means never allowing a company to take itself too seriously.
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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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Control your destiny or somebody will.
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In manufacturing, we try to stamp out variance. With people, variance is everything.
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The best thing workers can bring to their jobs is a lifelong thirst for learning.
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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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...I think that ideally that is how a company works. It becomes a place of ideas, not a place of position.
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I don't feel under-taxed in any way at all.
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We've only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained?
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