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" 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. "

Jack Welch

Important

Believe

Think

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" 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. "

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" 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. "

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

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

" 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. "

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

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

" 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. "

" Change before you have to. "

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

" 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. "

Jack Welch

Strategy

Loss

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

" 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 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. "

" The team with the best players wins. "

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

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

" The Internet is the Viagra of big 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 a competitive advantage, don't compete. "

" 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. "