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" 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. "

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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. "

Jack Welch

Leader

You

World

" 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

" Change before you have to. "

" 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. "

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

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

" 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. "

" 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. "

" 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. "

" 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? "

" 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. "

" 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. "

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

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

" 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. "

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

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

" Be candid with everyone. "

Jack Welch

Everyone

Candid

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

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

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

" 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. "

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

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

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

" The Internet is the Viagra of big business. "