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" Culture drives great results. "
Jack Welch
Culture
Great
Results
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" The Internet is the Viagra of big business. "
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Big
Big Business
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" Globalization has changed us into a company that searches the world, not just to sell or to source, but to find intellectual capital - the world's best talents and greatest ideas. "
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World
Find
Best
" 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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Right
You
People
" The team with the best players wins. "
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Players
Wins
Best
" Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion. "
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Create
Good
Vision
" You can't grow long-term if you can't eat short-term. Anybody can manage short. Anybody can manage long. Balancing those two things is what management is. "
Jack Welch
Long
You
Management
" 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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Country
Innovation
Support
" I was never the smartest guy in the room. From the first person I hired, I was never the smartest guy in the room. And that's a big deal. And if you're going to be a leader - if you're a leader and you're the smartest guy in the world - in the room, you've got real problems. "
Jack Welch
Leader
You
World
" If you don't have public hangings for bad culture in a company, if you don't take people out and let them say, they went home to spend more time with the family. It's crazy. "
Jack Welch
Home
Time
People
" You measure your people and you take action on those that don't measure up. "
Jack Welch
Up
Your
You
" What's important at the grocery store is just as important in engines or medical systems. If the customer isn't satisfied, if the stuff is getting stale, if the shelf isn't right, or if the offerings aren't right, it's the same thing. You manage it like a small organization. You don't get hung up on zeros. "
Jack Welch
Medical
You
Small
" Don't manage - lead change before you have to. "
Jack Welch
Lead
Manage
Before
" I don't feel under-taxed in any way at all. "
Jack Welch
Feel
Any
Way
" One of the jobs of a manager is to instill confidence, pump confidence into your people. And when you've got somebody who's raring to go and you can smell it and feel it, give 'em that shot. "
Jack Welch
People
Manager
Confidence
" In my lifetime, Mitt Romney is the most qualified leader I've ever seen run for the presidency of the United States. "
Jack Welch
Run
United States
Leader
" Number one, cash is king... number two, communicate... number three, buy or bury the competition. "
Jack Welch
Three
Communication
Competition
" In order to lead a country or a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody, green economy, regulations - can't have a bunch of piece-meal activities. It's got to have a vision. "
Jack Welch
Health
Green
Care
" I was afraid of the internet... because I couldn't type. "
Jack Welch
Internet
Computers
Afraid
" If you have a reputation as a big, stiff bureaucracy, you're stuck. "
Jack Welch
Reputation
Big
Bureaucracy
" A strategy is something like, an innovative new product; globalization, taking your products around the world; be the low-cost producer. A strategy is something you can touch; you can motivate people with; be number one and number two in every business. You can energize people around the message. "
Jack Welch
Business
People
You
" Change before you have to. "
Jack Welch
Change
Before
You
" Give me a highly successful unionized industry. "
Jack Welch
Give Me
Me
Give
" Strong managers who make tough decisions to cut jobs provide the only true job security in today's world. Weak managers are the problem. Weak managers destroy jobs. "
Jack Welch
Decisions
World
Today
" You got to be rigorous in your appraisal system. The biggest cowards are managers who don't let people know where they stand. "
Jack Welch
People
Got
Know
" Be candid with everyone. "
Jack Welch
Everyone
Candid
" The idea flow from the human spirit is absolutely unlimited. All you have to do is tap into that well. I don't like to use the word efficiency. It's creativity. It's a belief that every person counts. "
Jack Welch
Creativity
Flow
Efficiency
" I actually think that the economy has got some positives. It's got the market. It's got consumer confidence and it's got banks throwing - I mean central bankers throwing money at it around the world. "
Jack Welch
Money
Confidence
Mean
" If GE's strategy of investment in China is wrong, it represents a loss of a billion dollars, perhaps a couple of billion dollars. If it is right, it is the future of this company for the next century. "
Jack Welch
Strategy
Next
Loss
" 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. "
Jack Welch
Value
People
Story
" 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%. "
Jack Welch
Enough
New
Software