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" Don't manage - lead change before you have to. "

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" The biggest cowards are managers who don't let people know where they stand. "

" Face reality as it is, not as it was or as you wish it to be. "

" 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. "

" 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. "

" 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. "

" Number one, cash is king... number two, communicate... number three, buy or bury the competition. "

" My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too. "

" 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. "

" 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. "

" You've got to eat while you dream. You've got to deliver on short-range commitments, while you develop a long-range strategy and vision and implement it. The success of doing both. Walking and chewing gum if you will. Getting it done in the short-range, and delivering a long-range plan, and executing on that. "

" You got to be rigorous in your appraisal system. The biggest cowards are managers who don't let people know where they stand. "

" 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. "

" 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. "

" Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business. "

" 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. "

" The team with the best players wins. "

" Control your own destiny or someone else will. "

" I've learned that mistakes can often be as good a teacher as success. "

" 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. "

" 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. "

" I was afraid of the internet... because I couldn't type. "

" If you don't have a competitive advantage, don't compete. "

" There's no such thing as work-life balance. There are work-life choices, and you make them, and they have consequences. "

" An organization's ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. "

" I don't feel under-taxed in any way at all. "

" 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. "

" Be candid with everyone. "

" Giving people self-confidence is by far the most important thing that I can do. Because then they will act. "

Self-Confidence

" In my lifetime, Mitt Romney is the most qualified leader I've ever seen run for the presidency of the United States. "

" The essence of competitiveness is liberated when we make people believe that what they think and do is important - and then get out of their way while they do it. "