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.

Innovation is not a big breakthrough invention every time. Innovation is a constant thing. But if you don't have an innovative company [team], coming to work everyday to find a better way, you don't have a company[team]. You're getting ready to die on the vine. You're always looking for the next innovation, the next niche, the next product improvement, the next service improvement. But always trying to get better.

The team with the best players usually does win - this is why you need to invest the majority of your time and energy in developing your people.

A leader's job is to look into the future and see the organization, not as it is, but as it should be

Excellence and competitiveness aren't incompatible with honesty and integrity.

If you're a leader and you're the smartest guy in the world - in the room, you've got real problems.

If you want risk taking, set an example yourself and reward and praise those that do.