Top 15 Quotes from the Management Guru Jack Welch

John Francis “Jack” Welch,  is an American chemical engineer, businessman and author. He was Chairman and CEO of General Electric between 1981 and 2001. Welch’s net worth is estimated at $720 million. Jack Welch is such an authority on the subject that many master of organizational leadership programs put a focus on his principles of management. Following are few of his top rated quotes on management.

  1. Face reality as it is, not as it was or as you wish it to be.
  2. 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.
  3. Give me a highly successful unionized industry.
  4. If change is happening on the outside faster than on the inside the end is in sight.
  5. Giving people self-confidence is by far the most important thing that I can do. Because then they will act.
  6. If you don’t have a competitive advantage, don’t compete.
  7. Control your own destiny or someone else will.
  8. Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.
  9. An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage.
  10. Number one, cash is king… number two, communicate… number three, buy or bury the competition.
  11. 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.
  12. The Internet is the Viagra of big business.
  13. 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.
  14. 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.
  15. Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.

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