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" 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

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" Be candid with everyone. "

Jack Welch

Everyone

Candid

" 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. "

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

" 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. "

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

" 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. "

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

" 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. "

" Give me a highly successful unionized industry. "

Jack Welch

Give Me

Give

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

" 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. "

" 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. "

" 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. "

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

" 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%. "

" 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. "

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

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

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

" The Internet is the Viagra of big business. "

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

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

Jack Welch

Your

You

" 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. "

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

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

" 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. "