Jack Welch
Jack Welch
John Francis "Jack" Welch, Jr.is a retired American business executive, author, and chemical engineer. He was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth19 November 1935
CityPeabody, MA
CountryUnited States of America
All of management is about self-confidence
When I stop learning something new and start talking about the past versus the future, I will go.
In any bad situation you can not let yourself be a victim.
Real change agents comprise less than 10% of all business people.
In difficult times your best must be hugged, loved, kissed, rewarded, paid - everything. And your worst must be the people that leave, because your best are going to take you to the next game.
Cash is king. Get every drop of cash you can get and hold onto it.
Get the best player because whether it's soccer or whether it's anything else the team with the best players wins. So focus your energy on getting the best and getting rid of the weakest.
In the future, those who are not coaches will not be promoted.
I might not be the brightest bulb in the chandelier, but I'm pretty good at getting most of the other bulbs to light up.
The value decade is upon us. If you can't sell a top-quality product at the world's lowest price, you're going to be out of the game.
Every employee, not just the senior people, should know how a company is doing.
Insecure managers create complexity. Frightened, nervous managers use thick convoluted planning books and busy slides filled with everything they’ve known since childhood……. They worry that if they’re simple, people will think they’re simple minded. In reality, of course, it’s just the reverse. Clear, tough minded people are the most simple.
There are only two sources of competitive advantage: the ability to learn more about our customers faster than the competition and the ability to turn that learning into action faster than the competition.
Keep learning; don't be arrogant by assuming that you know it all, that you have a monopoly on the truth; always assume that you can learn something from someone else.