Jack Welch Quotes

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

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

"The record results for the third quarter once again demonstrate the ability of GE's diverse mix of leading global businesses to deliver top-line growth, increased margins and strong cash generation."

"The Internet is the Viagra of big business."

"Control your own destiny or someone else will."

"The team with the best players wins."

"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."

"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."

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

"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."

"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."

"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."

"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."

"Face reality as it is, not as it was or as you wish it to be."

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

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

"Be candid with everyone."

"We bring together the best ideas - turning the meetings of our top managers into intellectual orgies."

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

"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%."