Jack Welch Quotes and Sayings - Page 1
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“Cash is king. Get every drop of cash you can get and hold onto it.”
-- Jack Welch -
“The 3Ss of Winning in business are speed, simplicity, and self-confidence.”
-- Jack Welch -
“Shareholder value is the result of you doing a great job, watching your share price go up, your shareholders win, and dividends increasing. What happens when you have increasing shareholder value? You're delivering better employees to their communities and they can give back. Communities are winning because employees are involved in mentoring and all these other things. Customers are winning because you're providing them new products.”
-- Jack Welch -
“Shareholder value is a result, not a strategy . . . Your main constituencies are your employees, your customers and your products.”
-- Jack Welch -
“You measure your people and you take action on those that don't measure up.”
-- Jack Welch -
“People aren't the same. Business is, in my opinion, all about the team that fields the best players. It's not about an idea. An idea goes away. Somebody catches up with it. It's not about a widget.”
-- Jack Welch -
“The idea of let's all share the pain equally, or let's freeze salaries altogether - it's ass-backwards. It's absolutely ass-backwards.”
-- Jack Welch -
“Companies don't give job security. Only satisfied customers do.”
-- Jack Welch -
“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.”
-- Jack Welch -
“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.”
-- Jack Welch -
“I think every leader has an obligation - the absolute obligation - to treat everyone fairly. But they also have the obligation to treat everyone differently. Because people aren't all the same, and the last thing you ever want to do, in my opinion, is let the best in your organization be treated like the worst in your organization. It does nothing for your future.”
-- Jack Welch -
“Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.”
-- Jack Welch -
“Trying to get people to face reality and see the world the way it really is is an absolutely critical aspect of leadership, in my view.”
-- Jack Welch -
“Strategy is simply resource allocation. When you strip away all the noise, that's what it comes down to. Strategy means making clear cut choices about how to compete. You cannot be everything to everybody, no matter what the size of your business or how deep its pockets.”
-- Jack Welch -
“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.”
-- Jack Welch -
“Every employee, not just the senior people, should know how a company is doing.”
-- Jack Welch -
“If you get the best people on your team, you've got plenty of time to do the things you like to do and can add more value to.”
-- Jack Welch -
“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.”
-- Jack Welch -
“You never know how diverse your career can be. I think it's wonderful. My life has always been the next page, not the last page.”
-- Jack Welch -
“The most important job you have is growing your people, giving them a chance to reach their dreams.”
-- Jack Welch -
“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.”
-- Jack Welch -
“If work is just going in every day and getting a check, it's an ugly life. When you can make work a meaningful purpose, you've hit the jackpot for people.”
-- Jack Welch -
“Globalization has taken a hit in that there is some sand in the gears because most of us have supply chains that are all over the world that we've had to lengthen.”
-- Jack Welch -
“Too often we measure everything and understand nothing. The three most important things you need to measure in a business are customer satisfaction, employee satisfaction, and cash flow. If you’re growing customer satisfaction, your global market share is sure to grow, too. Employee satisfaction gets you productivity, quality, pride, and creativity. And cash flow is the pulse—the key vital sign of a company.”
-- Jack Welch -
“No one is doing something in your business - getting a sale, having a key customer, working on an R&D project - doing anything that's more important than something you say is going to change the company.”
-- Jack Welch -
“If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction and cash flow.”
-- Jack Welch
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