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" 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. "

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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. "

Jack Welch

Day

Culture

Moments

" 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. "

" The Internet is the Viagra of big business. "

" 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. "

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

" 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. "

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

" You measure your people and you take action on those that don't measure up. "

Jack Welch

Your

You

" 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. "

" 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. "

" Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later. "

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

" 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. "

" 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. "

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

" 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. "

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

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

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

" 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. "

" If you have a reputation as a big, stiff bureaucracy, you're stuck. "

" 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. "

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

" 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. "

" 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. "

" 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. "

" We've only been wealthy in this country for 70 years. Who said we ought to have all this? Is it ordained? "

" Give me a highly successful unionized industry. "

Jack Welch

Give Me

Give

" Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion. "