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

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

" The Internet is the Viagra of big business. "

" 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. "

" Control your own destiny or someone else will. "

" The team with the best players wins. "

" 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. "

" 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. "

" 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. "

" Change before you have to. "

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

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

" 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. "

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

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

" 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 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. "

" 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. "

" 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. "

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

" 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. "

" 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. "

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

" 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. "

" 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. "

" 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. "

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

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

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

Self-Confidence

" 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. "

" 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%. "