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" There's no such thing as work-life balance. There are work-life choices, and you make them, and they have consequences. "
Jack Welch
Choices
Consequences
Balance
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" Be candid with everyone. "
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" Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others. "
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" The team with the best players wins. "
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Players
Wins
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" If you have a reputation as a big, stiff bureaucracy, you're stuck. "
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Reputation
Big
Bureaucracy
" 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. "
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" Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business. "
Jack Welch
Credit
Short
Food
" The Internet is the Viagra of big business. "
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Big
Big Business
Business
" 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. "
Jack Welch
Water
Weeds
Job
" Give me a highly successful unionized industry. "
Jack Welch
Give Me
Me
Give
" 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. "
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Day
Culture
Moments
" 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. "
Jack Welch
World
Find
Best
" 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
Next
Loss
" 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. "
Jack Welch
Money
Confidence
Mean
" Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later. "
Jack Welch
Company
Five
Jerk
" Number one, cash is king... number two, communicate... number three, buy or bury the competition. "
Jack Welch
Three
Communication
Competition
" Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while. "
Jack Welch
Strength
Company
Change
" 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. "
Jack Welch
Right
You
People
" Management is all about managing in the short term, while developing the plans for the long term. "
Jack Welch
Long
Managing
Plans
" 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
" 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. "
Jack Welch
Health
Green
Care
" 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. "
Jack Welch
People
Manager
Confidence
" 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. "
Jack Welch
Now
Work Hard
Forever
" 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
" Culture drives great results. "
Jack Welch
Culture
Great
Results
" Giving people self-confidence is by far the most important thing that I can do. Because then they will act. "
Jack Welch
I Can
People
Self-Confidence
" 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. "
Jack Welch
Medical
You
Small
" I don't feel under-taxed in any way at all. "
Jack Welch
Feel
Any
Way
" 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%. "
Jack Welch
Enough
New
Software
" Change before you have to. "
Jack Welch
Change
Before
You
" 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