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

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" Control your own destiny or someone else will. "

" 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 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. "

" 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. "

" 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 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. "

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

" 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. "

" 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. "

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

" The Internet is the Viagra of big business. "

" Management is all about managing in the short term, while developing the plans for the long term. "

" 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. "

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

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

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

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

" Change before you have to. "

" Give me a highly successful unionized industry. "

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

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

" Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while. "

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

" 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. "

" Be candid with everyone. "

" 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%. "

" 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. "

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

" Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others. "

" 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. "